Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, December 14, 2010

Rosenberg bond market snippet

Indeed, as the Bank of Canada (GoC) Governor put it yesterday (his entire speech is well worth a read), “if nominal exchange rates do not change, the adjustment will come through inflation in emerging economies and disinflation in major advanced economies.” The barbell investment strategy of being short a basket of emerging market bonds and long a basket of developed market bonds makes perfect sense. [today]

No comments:

Post a Comment