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(1) Rate Risk: An Issue for Investment Grade but Not High Yield (3 min read)
John Tierney reviews the historical relationship between Treasury returns and investment-grade and high-yield returns. He finds that investment-grade has high rate risk, while high yield has little or none.
(John Tierney│9th April, 2021)
US economic sanctions against human atrocities in China and Myanmar (PIIE, 8 min read)
Israel’s economic data starts to show the impact of vaccines (Invesco, 6 min read)
The Geography of Pandemic Effects (Project Syndicate, 7 min read)
Cost-benefit analysis and the Covid vaccination campaign in France (VoxEU, 4 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)