DIAL News and Press, Columbia Diversified Fixed Income Allocation From 01/02/20

Most central banks around the world joined the G3 in 2019 by easing monetary conditions, a trend that should persist in 2020. For its part, the Federal Reserve (Fed) course-corrected three times to address global headwinds and improve domestic business conditions. The effects of these coordina...

The global bond market sell-off continued in November, pushing many European benchmark bond yields closer to positive territory. At month end, nearly 53.1% of European government bonds closed with a negative yield, down from 57.6% in October and 63.1% in September. The largest mover was the ...

Originally published on December 18, 2019 Today, shortly after Paul Volcker's passing and his memorial service, and shortly after Mario Draghi passed the baton of the European Central Bank to Christine Lagarde, I can't help but reflect on the heroism of these people and the heroism of Ben ...

The title quote is from Tad Rivelle, Chief Investment Officer of TCW (Los Angeles-based fixed-income management company), who manages one of the largest actively managed bond funds. He goes on to comment about the implications of the negative rate policy that has been implemented by Japan and ...

U.S. President Donald Trump has been pushing the Federal Reserve (Fed) to consider cutting policy rates below zero in an effort to stimulate growth and weaken the dollar. But his stance is a lonely one, as negative policy rates have largely gone out of style. Global central banks are reconside...

When you have entered this space, you may be assured that you have gone into some kind of distorted world, possibly created by Aldous Huxley. It may be a "Brave New World," but it may also be a level of Dante's "Inferno." Whatever it eventually turns out to be, it is certainly a historical pro...

Henry Curr is the economics editor for The Economist magazine, and the author of a special report by the magazine on the phenomenon of low inflation now facing the global economy. Henry joins Macro Musings today to outline this report and the big questions surrounding low inflation. Dav...

We believe one of the most attractive features of emerging markets debt, from a portfolio construction perspective, is the diversification potential it can provide. Within emerging markets debt, local currency bonds have historically provided the greatest diversification benefit compared to U....

It's no longer just me using terms like "Armageddon, crisis, devastating, chaos, Great Depression;" it's leaders of the world's most august and conservative central banks. The big banking squeeze that began in September never went away. In fact, repo auctions last week looked worse than ever...

Because the prevailing theory behind the global slowdown is "trade wars", most, if not all, attention is focused on China. While the correct target, everyone is coming it at from the wrong direction. The world awaits a crash in Chinese exports engineered by US tariffs. It's not happening, at...