In recent times, many column inches have been devoted in the financial media about an impending disaster in the High Grade/Government Bond market. As Government Bond specialists, we at JCB are amused to see many so-called financial experts comment on a product they have neither sold nor traded. Despite this... Show More
Romano Sala Tenna, Portfolio Manager at Katana Asset Management, thinks recent volatility is here to stay for a few months or even years. As sentiment in the US has turned positive, they’ve had to invest some of their cash balance, but the current rally is “low-quality,” he says. “We’ve got... Show More
The Official Monetary and Financial Institutions Forum (OMFIF) recently released a research report titled “The Seven Ages of Gold”, which looked at central bank activity in the gold market, over the last two centuries. It noted that net purchasing/selling patterns fell into seven distinct periods, each lasting an average of... Show More
Bill Gross, former PIMCO boss, and manager of the $1.4 billion Janus Global Unconstrained Bond Fund, warned central bank policies that pushed trillions of dollars into bonds with negative interest rates will eventually backfire violently. “Global yields lowest in 500 years of recorded history,” he wrote Thursday from the Janus... Show More