Markets, economy, stocks, growth, global, fixed income, international, asset classes
Themes and implications from the Global Fixed Income, Currency & Commodities Investment Quarterly
Implications for insurance capital requirements
Reaching for yield, which we define as buying bonds with wider spreads after controlling for sector and rating impacts, is a topic that frequently arises in the life insurance industry.
Our view over the past few quarters has been that EURUSD should be rangebound, as the cyclical outperformance of the US economy is offset by the eurozone���s relatively better balance of payments position.