Inflation
Arm yourselves against inflation, Jonathan Ruffer warns bond investors
Index-linked bonds are where investors will find value as the effects of the financial crisis unwind, advises founder of Ruffer LLC.
Scrambling for yield
The rebound of credit markets in 2009 enabled product providers to decrease risk as well as offer higher yields to investors in the Americas, using techniques such as multipliers or digital payoffs. The result is an increase in the number of deals,…
US inflation options sponsored forum: Recovery and development
The inflation market has had a challenging few months. In particular, many dealers were hurt by short positions in 0% inflation floors, causing sizeable losses for some firms. Sponsored by BGC Partners, Risk convened a panel of major inflation dealers in…
Losing the asset swap lifeline?
A price difference between inflation-linked and nominal bonds last year created a huge opportunity for real-money investors to benefit through asset swaps. Now the opportunity has diminished, how important are asset swap investors in providing inflation…
A return to domestic inflation
Activity in Europe’s domestic inflation derivatives markets dropped away after the collapse of Lehman Brothers. Now, dealers report buyers and sellers are starting to return. But there is likely to be less warehousing of risk by banks and a greater focus…
State benefits for RBS
Jezri Mohideen, head of rates trading for Europe, the Middle East and Africa at RBS, talks to Alexander Campbell
Solving the problem of inflation measures
With fears about future inflation still plaguing investors, inflation-linked products may seem like a sensible way of hedging against the rising cost of living. But the effect of substitution, interest rate rises and timing mean that returns on these…
Risk Inflation Forum 2010
A roundtable on inflation and inflation derivatives hosted by Risk magazine editor Nick Sawyer.
More to play for
Harry Harrison, head of rates trading at Barclays Capital, talks to Alexander Campbell
Inflation hedging: How the Dutch pension sector is moving its focus from nominal to real liabilities
The Dutch pension sector has long-held a focus on nominal liabilities but both schemes and regulators are investigating whether a move to assessing real liabilities would be a step forward.
The road to high yield
The low-risk arbitrage opportunities found in the institutional structured products market this year may not be so common in 2010. Instead, more stable financial markets are expected to herald the return of product lines that can deliver extra yield