bonds

by Win Thin Here are some more thoughts on Fitch’s downgrade of Ireland to A+ from AA- with negative outlook kept in place.  Of course, we view the Fitch downgrade as completely justified, and look for further cuts ahead as our model…

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…

Gross says that Pimco is looking to high growth economies for both bond and equity plays. The key for them is not to play the liquidity seeking return trade (like 100-year Mexican paper). Rather they want to find low volatility, high return…

By Annaly Capital Management A common phrase often overheard on your favorite financial news channels goes something like this: “Stocks are cheap relative to bonds.” After all, the dividend yield on the Dow Jones Industrial Average is now…

When faced with a balance sheet recession and anaemic demand growth, Japan pushed short-term interest rates to zero and preceded to print money. This created the infamous Japanese carry trade in which Japanese investors would buy…

Christopher Mier, municipal strategist and managing director at Loop Capital Markets LLC, talked to Bloomberg's Betty Liu this past Friday about Meredith Whitney's report stating that the U.S. federal government may have to bail out some…

by Niels Jensen “There are those who don’t know and those who don’t know they don’t know.” -John Kenneth Galbraith On 1st January 2013, a new directive regulating insurance companies which conduct business within the EU will come…

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…

Meredith Whitney has a new report out that she has been working on for two years called "Tragedy of the Commons" in which she rates several U.S. states. Based on Whitney's analysis, problems in municipal finance could be the next…

Belgium has a caretaker government. It has been unable to form a government since the June election after the previous government collapsed in April. The Netherlands is also struggling to put a coalition together. Italy comes to the fore…