Fixed-Income Strategy: Are Bonds Poised to Be “Burnt to a Crisp”?
Bill Gross’s recent monthly commentary for PIMCO paints a disturbing picture for investors; his vision ends with stocks being “singed” and bonds being “burnt to a crisp.”
View ArticleLive Webcast: Policy, Politics, and Bond Markets
James Grant, founding general partner of Nippon Partners, will discuss expectations for 2013 and the long-run effects of central bank policies on bond markets, among other topics.
View ArticleFixed-Income Strategy: What’s Jeffrey Gundlach Doing?
Few bond fund managers attract as much attention as DoubleLine Capital’s Jeffrey Gundlach. I am always anxious to see portfolio changes made in this fund, and I recently had the opportunity to take a...
View ArticleHow to Invest in a Low-Yield World
Lim Chow Kiat, CFA, group chief investment officer of the Government of Singapore Investment Corporation, tackled one of the most vexing questions in the investment world today: how to invest in a...
View ArticlePoll: Have Interest Rates in the US Finally Started Their Upward Climb toward...
Interest rates in the US have started to rise over the past month, surprising many in the investment world. We asked readers earlier this week: Have interest rates in the US finally started their...
View ArticleWhy Loan Growth is Important and What it Says about Inflation and Interest Rates
David Schawel, CFA, discusses the importance of the actions taken by the Fed when contrasted with the activity of the banking system as a whole in regards to the most recent economic recovery.
View ArticleLong Interest Rate Cycles and Your Bond Portfolio
Insights on appropriate strategies for investing in bonds in a rising-rate era.
View ArticleThe Hidden Risks of Bank Loan Funds
Retail investors are pouring money into bank loan funds at a record pace. Unfortunately, the prospective returns given the factors mentioned here, as well as the marginally worse credit structures,...
View ArticleThe Fed Was Right to Drop the Unemployment Rate Target
What is the purpose of the Fed raising interest rates? Do rates necessarily need to be hiked because the unemployment rate has fallen to a certain percentage? There answer here is no,
View ArticleModern Finance Is Seeing Historic Levels of Speculation
Not surprisingly, the 2008–2009 global financial crisis sent many financial professionals looking to history for a sense of appropriate context and perspective to understand the magnitude of such a...
View ArticleLow Yields, the Same Risks, and Rising Leverage
As interest rates keep falling and leverage starts rising, risks remain the same.
View Article14 Charts Worth Your Time: Apple, Macro Trends, and Global Inequality
Am I the only one starting to feel like we're pretty darn late in the business cycle?
View ArticleCorneille, Sperna Weiland, and Zürcher Win European QuantAwards 2014
It is our pleasure to introduce to CFA Institute readers the results of the European QuantAwards 2014 competition. We hope you enjoy the summaries of these three winning papers by their student...
View ArticleMartin Wolf on the Eurozone, the ECB, and General Investment Woes
Gustavo Teruel, CFA, recently spoke with Martin Wolf of the Financial Times about his latest book, recent developments in the eurozone, and the global investing outlook more generally.
View ArticleThis Chart Breaks Capitalism — Can the Fed Fix It?
As I write this, US Federal Reserve Chair Janet Yellen and the Fed Board of Governors are ensconced in another two-day meeting. They will make a statement at the end. That statement will either move...
View ArticleHow Will Negative Interest Rates Change the Rules of the Game?
Recent events have challenged traditional economic theory about low (and negative) interest rates. Is it a brief aberration or the beginning of an unfamiliar and potentially treacherous new normal?
View ArticleWeekend Reads for Global Investors: Will the Fed Raise Rates and Why You...
What will the Fed do next week? The world is watching and so should you.
View ArticleIntroducing the Unterest Rate
Let's stop saying "negative interest rates" and come up with a new word for a new phenomenon.
View ArticleAre Low Interest Rates Driven by the Fed or by Fear?
Next time you hear a pundit or an investor complain that the Fed is keeping rates too low, consider the evidence that suggests rates are low because nobody really has a grasp on which direction future...
View ArticleThe C-Suite Speaks: Warren’s Wisdom
Last week was a slow one for earnings calls, but Warren Buffett did do an interview with CNBC that featured classic Buffett wisdom.
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