In Germany, deposits up to 100,000 euros are secured by law. Higher amounts are secured through the Association of German Banks (BdB). For individuals, the secured amounts will be limited to 5 mln from 1 January 2022 and they will reach 1 mln by 2030. For companies, the amount will be slowly lowered from 50 mln to 10 mln by 2030.

Bond investors are reacting to higher inflation: across 35 economies, 5-year bond yields have risen by an average of 0.65 percentage points in the past 3 months. In OECD countries, inflation rose to an uncomfortable 4.6% year on year in September. Real bond yields, after accounting for inflation, are -1%, within spitting distance of record lows.

IOSCO, which groups watchdogs from the United States, Europe, Asia and elsewhere has published recommendations which its members are obliged to apply when scrutinising how asset managers sell funds which tout ESG good practice, with the value of such funds hitting a record $3.9 trillion at the end of the third quarter, Morningstar data shows.

A modest rise in yields that inflicts trillions of dollars in losses. The potential for steep losses is a legacy of the tilt toward longer-term borrowing during the era of historically low rates. The higher duration is, the larger the drop in prices. With a half-point increase in yields, the hit to the $68 T Bloomberg Global Aggregate Index would be around $2.6 T.

Green bonds trade less often than corporate bonds in general and tend to yield about 0.04 percentage point less. If many investors decide to liquidate their holdings, they may be disappointed by demand in the secondary market. Bank of England will likely cut its target for corporate bond purchases in the energy sector as it implements measures to greenify QE.

The EU wants to become the first climate-neutral continent by 2050. That will not work without massive government investments and subsidies. The EU's “Green Deal” is the conceptual basis for this change. Indirectly, the state's policy will also trigger price inflation in “green” stocks. Green price bubbles could emerge at some point in the 2020s.

Banks have earned about $3.6 billion in fees in 2021 from arranging sales of ESG bonds for companies and governments. That is more than double the $1.6 billion banks pocketed so far this year from issuing debt for fossil-fuel companies. About $750 billion of ESG bonds have been issued this year, compared with $468 billion during all of 2020.

Institutional investors rushed to buy the UK’s first green sovereign bond with a 0.87% yield. The government will launch Green Savings Bonds through the national savings scheme. If it offered the “market-leading rate” for retail savings of 1.8%, the scheme would cost taxpayers £210m per year. Setting the rates lower could look unattractive to customers.

Global debt rose to a new record high of nearly $300 trillion in the second quarter of 2021. China has seen a steeper rise in its debt levels compared with other countries, while emerging-market debt excluding China rose to a fresh record high at $36 trillion. Debt among developed economies, especially the euro area, rose again in the second quarter.

SDX received the go-ahead from the Financial Market Supervisory Authority to operate a stock exchange and a central securities depository for digital assets in Switzerland. This authorization enables SDX to go live with a regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.

Sustainable investment assets grew to $35.3 trillion globally last year. But the bulk of that money, some $25 trillion, is in a strategy called “ESG integration,” also known as “ESG consideration.” This means that managers are including ESG data in their financial models, but they’re not necessarily compelled to act on that information.

The value of the world’s stock of negative-yielding debt has ballooned to more than $16.5tn. Germany’s 10-year yield fell to minus 0.51%, the lowest level since early February. The country’s 30-year yield has also fallen beneath zero. All of Germany’s debt, which serves as a reference for bonds across the eurozone, now trades at negative yields.