In one of the worst sell-offs since the European sovereign crisis in 2011, PMs and private banks took cue from the Fed's QE exit hints to cut their bond portfolios significantly.
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Tag : fed
Deteriorating economic conditions will force a resolution to the eurozone crisis, but US growth will slow next year, it argues.
US Federal Reserve officials also seem to miss the fact that excessive credit growth and leverage have driven monetary and economic instability, says Marc Faber.
David Hoffman, fixed-income managing director at Brandywine Global Investment Management in Philadelphia, discusses opportunities in credit and mortgages as the US emerges from the credit crunch.
Yu Qiao gave the keynote address at AsianInvestorÆs annual investment summit in Hong Kong in which he suggested ways for Asian foreign reserves to be put to better use.
US productivity numbers and Fed chairman Ben BernankeÆs support of a stronger dollar improves sentiment for equities worldwide.