“The herd instincts among the forecasters makes sheep look like independent thinkers.” – Edgar R. Fiedler

Bond Market Perspectives

Lessons from Quitaly | Bond Market Perspectives | June 5, 2018

KEY TAKEAWAYS Market reaction to Italy’s political woes was swift and pronounced, but ultimately overdone. Nonetheless, it highlighted key differences in investor perceptions of European countries’ risks. The Italy episode also exemplified the value of high-quality...