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Jan Dehn's Blog
Commentary on the world

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Bond market strategy for EM governments
Market access is key to growth in EM economies, yet bond markets in many EM countries remain under-developed. This technical report aims to give EM policy-makers the means to transition from donor dependence to genuine financial independence.

Jan Dehn
Aug 1923 min read


The economic alarm bells are ringing
Bond markets are signalling a major policy clusterfuck on the part of the Trump Administration, while stock markets are on an AI bender. Which market is right?

Jan Dehn
May 219 min read


The safe asset delusion
There is no such thing as a risk-free return. Why, then, does the finance industry keep referring to safe assets?

Jan Dehn
Feb 26, 202412 min read


Anthem for doomed bonds
Everyone knows that government bonds in rich countries are risk free. Crises are impossible by definition. Don't you feel safe now?

Jan Dehn
Feb 1, 20231 min read


Bond market strategy for Africa
Entering global bond markets offers plenty of upside for capital-starved African countries, but there are also risks.

Jan Dehn
Feb 1, 20231 min read
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