Latest Updates Around The World
The global economy is entering an unusual and potentially difficult phase for bond investors, as public finances in major developed economies deteriorate rapidly – even in the absence of a financial crisis or pandemic. Unlike the extraordinary fiscal expansions we saw during the global financial crisis or Covid-19, the current surge in lending is taking […]
Global bond funds have been attracted – and repeatedly burned – for decades by a trade known in Japan as the “widow maker.” The idea is simple: Borrow and sell Japanese government bonds in anticipation of falling prices, before buying them back and pocketing the difference. The strategy takes its name from piling up losses […]
