Mexico Update: Century Bond and More

Mexico is taking advantage of the investment climate and the near insatiable demand for emerging market credits.  The peso may also benefit from actions by other countries, from Brazil to South Korea taking actions to deter hot money…

ECB Winding Down or Winding Up?

A couple of ECB officials have indicated that when the extraordinary liquidity provisions expire at the end of the end of the year, they will not be renewed.  Officials drew comfort in the recent news that the stock of bank loans…

Final Thoughts On Spain Downgrade

by Win Thin of BBH Here are some final thoughts on the Moody’s downgrade of Spain.  In general, Moody’s has been too soft on Europe and the downgrade to Spain was long overdue.  We still believe that the downgrade story will…

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