Author: The Editorial Team

LAGOS (Capital Markets in Africa) – Global bond markets have suffered unprecedented losses since peaking last year, as central banks including the Federal Reserve look to tighten policy to combat surging inflation. The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt total returns, has fallen 11% from a high in January 2021. That’s the biggest decline from a peak in data stretching back to 1990, surpassing a 10.8% drawdown during the financial…

JOHANNESBURG (Capital Markets in Africa) – Currency speculators are placing their bets on the South African rand at a record pace, even as Russia’s assault on Ukraine sends investors fleeing from most riskier assets. Hedge funds turned net long on the rand to the tune of 13,402 contracts as of March 15, swinging from a net short position of 239 contracts the previous week. The change was the biggest since the Commodity Futures Trading Commission…

LAGOS (Capital Markets in Africa) – Bitcoin’s energy use has long been a hot-button issue. Now some developers say the solution could lie in a more energy-efficient form of computer processing that, perhaps appropriately, uses lasers. When we consider Bitcoin’s energy use, really, the discussion should focus on emissions. Industry participants have worked toward improving transparency in that category the past couple of years. If we look even further back, Hal Finney – who received…