This paper finds that Government of Canada benchmark bonds tend to be more illiquid over the subsequent month when there is a large increase in government debt supply. The result is both statistically and economically significant, stronger for the long-term than the short-term sector, and is robust when other macro factors are controlled for.
The Global Market Index’s expected risk premium ticked higher again in December, marking the fourth straight monthly rise. The latest advance lifts GMI’s long-term ex ante return to an annualized 5.0% (before factoring in a “risk-free” rate). Today’s revised GMI estimate is fractionally above last month’s forecast (4.9%) and moderately above the year-ago estimate (4.2%). […]
U.S. House Speaker Nancy Pelosi announced on Wednesday the seven members of the House of Representatives who will act as prosecutors to lay out the impeachment case against President Donald Trump in the Senate.
Lebanon played no official role in ousted Nissan boss Carlos Ghosn's departure from Japan, caretaker defense minister Elias Bout Saab told Lebanese broadcaster MTV on Thursday.
Global stock markets jumped on the first day of trading in 2020 as a shot of Chinese stimulus and economic data drove a gauge of world equity performance to the latest in a series of record highs, while the dollar snapped a four-day losing streak.
Ukraine President Volodymyr Zelenskiy said on Wednesday that all passengers and crew on board a Ukrainian airliner that crashed in Iran have been killed, citing preliminary information.
Saudi Arabia's King Salman rang Iraqi President Berham Saleh on Saturday to discuss the importance of de-escalating regional tensions, the Saudi news agency reported, after Iranian military commander Qassem Soleimani was killed in a U.S. air strike.
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Three Americans - one U.S. military servicemember and two contractors - were killed by Somalia's al Shabaab militant group during an attack on Sunday on a military base in Kenya used by both U.S. and Kenyan forces, the U.S. military said.
Fashion and Textile Children’s Trust reports 60% increase in redundancy-related inquiries amid high street crisis A hardship charity once chaired by Charles Dickens has received a 30% increase in requests for help from struggling shop workers as the high street crisis bites.The Fashion and Textile Children’s Trust steps in to assist children whose parents work in the fashion industry but are…
U.S. manufacturing output rose unexpectedly in December as a drop in motor vehicle output was outpaced by increases in production of other durable goods, food and beverages, and other products.
By Guest Contributor Aaron Filbeck, CFA, CAIA, CIPM, Associate Director, Content Development The death of the 60/40 may be a welcome change for multi-asset investors who understand that exposure to risk premia is perhaps a far better long-term investment strategy. Diversification remains an important facet of asset allocation, but weRead More