The flight to quality also showed through to U.S. Treasury yields and the foreign exchange value of the dollar, with the 10-year Treasury yield declining 50 basis points over the four-week period and the dollar climbing more than six percent against the euro.
Successful innovations, if managed prudently, have always been important drivers of financial market developments. In the covered bond market, as in other market segments, I see “green” covered bonds as a promising innovation and transformation for the future, given the growing awareness among the general public that environmentally-friendly economic activities should be supported. 1/1  BIS central bankers' speeches