Flying Pigs

From Acting Man
December 31, 2013 - 8:40am

  Euro Area Carry Trade – From Disbelief to Consensus? When we noted about a year ago that the ECB's LTROs were likely to give banks and incentive to initiate carry trades in the bonds of euro area peripherals, it was an opinion very few people shared. We wrote at the time: “Is is clear [...]

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