Garth Friesen, III Associates
Asset price inflation is driving the expected real returns for fixed income markets to multi-generational low levels. Higher-than-expected inflation has the ability to erode returns even further. It is not a comforting fact that the inflation swaps market is now pricing forward inflation at the highest levels since the 2008 financial crisis.
By most definitions a tail event is something that has a dramatic adverse effect on markets that participants could not or did n
The week on Risk.net, July 14–20, 2017Receive this by email