The ECB announced its second long-term refinancing operation (LTRO) on Wednesday. The auction led to 800 banks tapping the ECB for EUR 530bn in three year funding at 1%.
There is little doubt that dark clouds are still drifting on the horizon of the global economy. The Euro crisis still has the potential to erupt into an existential threat for the Eurozone’s economic system with a very destabilizing fall-out for the financial system in the (...)
Investors should view Asian debt as a mainstream asset class and not simply as a subsection of the global bond universe, according to Chia-Liang Lian, manager of the Legg Mason Western Asset Asian Opportunities (...)
According to Bob Jolly, Schroders’ Head of Global Macro, considerable bad news is already in prices and corporate bonds issued by strong companies with cash on their balance sheet and pricing power remain attractive