The requirement of this assignment that you write a Market Outlook for Bond Markets in a report form, in which you present your assessment of  the investment potential of global sovereign bonds from February 2012 to end-December 2012.

You may choose your own perspective for the investor for whom this report is being written. That means you may choose to prepare the report for an EU based investor, or one from another location eg; US or Japan or a China based investor.

The assignment must take the form of a report. This means you are required to submit structured arguments supporting the conclusion(s) that are presented in the report on the investment outlook for bond markets. These conclusions must be based on reasoned arguments that are supported by facts or other data, or analysis.

The prime objectives of the assignment are to demonstrate your understanding of the structure of global bond markets and the factors that drive those markets. In addition, your ability to assess the significance of those factors as well as being able to interpret the possible implications and consequences of current financial data, as well as macroeconomic and policy events, from a bond market perspective will be critical.

The main perspective of your report should be analysis-driven rather than a producing a 'big' forecast.