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Share “Venetians, Volcker and Value-at-Risk: 8 centuries of bond market reversals”. Our interview with Bank Underground’s Paul Schmelzing.
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“Venetians, Volcker and Value-at-Risk: 8 centuries of bond market reversals”. Our interview with Bank Underground’s Paul Schmelzing.
For investment professionals only. Not for onward distribution. Issued by M&G Securities Limited and M&G International Investments Ltd. Both are authorised and regulated by the Financial Conduct Authority in the UK. Please see Bondvigilantes.com for further information.
It’s rare to find a piece of writing that EVERYONE in bond markets has read and is talking about, but in January, a blog by Paul Schmelzing on the Bank of England’s excellent Bank Underground site did just that. Paul is a visiting scholar from Harvard University, working at the Bank of England to research foreign exchange policy in the era of Bretton Woods. In the blog however he took a very long view of eight hundred years of bull and bear markets in government/risk free bonds.
Paul came in to see us earlier this week to discuss three of the significant bond bear markets we’ve seen in the last 60 years or so, and to consider what the next bond bear market might look like once the “Volcker bull market” eventually comes to an end.
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For investment professionals only. Not for onward distribution. Issued by M&G Securities Limited and M&G International Investments Ltd. Both are authorised and regulated by the Financial Conduct Authority in the UK. Please see Bondvigilantes.com for further information.
It’s rare to find a piece of writing that EVERYONE in bond markets has read and is talking about, but in January, a blog by Paul Schmelzing on the Bank of England’s excellent Bank Underground site did just that. Paul is a visiting scholar from Harvard University, working at the Bank of England to research foreign exchange policy in the era of Bretton Woods. In the blog however he took a very long view of eight hundred years of bull and bear markets in government/risk free bonds.
Paul came in to see us earlier this week to discuss three of the significant bond bear markets we’ve seen in the last 60 years or so, and to consider what the next bond bear market might look like once the “Volcker bull market” eventually comes to an end.