The riddle and the dilemma of global bonds
Breakfast with Benjamin: Bond bulls continue to shrug off logic, claiming it's different this time, even despite negative yields.
- If not even negative yields can bring a bond bull to their knees, what will? The riddle and the dilemma of global bonds
- Making the case for emerging markets, where bargains are still plentiful. ‘There isn’t any reason to become positive, just as there isn’t any reason, per se, to be negative.’
- Whatever you say about hedge funder Cliff Asness, just don’t call him a right-wing crank. “I’m a libertarian crank, not a right-wing one,” he said in response to a snarky write up by NY magazine, which went after Mr. Asness’ opinion piece in the Wall Street Journal.
- Pension funds are being encouraged to ‘agitate for sunshine.’ Watching the fees of the underlying investments
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