What is a bond worth? It is such a basic question that you wouldn’t think investors would change their minds so dramatically over the span of just a few months, in the absence of any significant…
Are we experiencing the final late-cycle surge in credit markets, or is there more distance left to run? Alternatively, do low policy-rate peaks in heavily indebted economies signal the beginning of…
This paper provides a detailed analysis of the theoretical, statistical and practical challenges related to factor investing in sovereign bond markets, with a focus on factors such as the "level" or…
