An imperfect signal
Bondholders have been on quite the ride in the last few months. The year began with yields moving lower in many regions—notably Europe—to the surprise of some investors who just last year thought that rates could only go higher.
(Not) boring finds for March 2015
Our team occasionally uncovers signal in the daily parsing of noise. Since such information can be easily passed over, we thought we’d make it a habit to share some links that we’ve liked recently.
Looking beyond borders: Why Europe isn't dead
I recently had a discussion with a client that had just returned from a European vacation. He shared stories about the interesting food, culture, and architecture. But he also offered a warning… “The economy in Europe is dead.”
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