From Zero to Hero to Villain to Hero Again: The Story of Emerging-Market Debt

9th November 2015

As far as movies go, this is the one about a nobody who becomes a saviour and then a pariah – all before... Continue reading

Video: Why has almost everyone been wrong on UK Gilts?

21st October 2015

Since 2008 it seems almost everyone has been wrong about duration. Most investors have expected interest rates in the UK and US to... Continue reading

Growing Pains

15th October 2015

Global growth weakest since 2008, but will it rebound as the IMF expects? The atmosphere at the most recent round of biannual IMF... Continue reading

2015: A Rates Odyssey

7th October 2015

In a galaxy far far away…There is an inverted yield curve…But not in the United States…Not now…And the Fed (US Federal Reserve) must... Continue reading

Debt matters

1st October 2015

Seven years have passed since the dark days of 2008. Global monetary policy remains exceptionally accommodative, fiscal policy is far from tight, and... Continue reading