Sunday, February 28, 2010

Why Greece changes everything

In the old days, government debt was risk free as investors bought and sold sovereign bonds on a strategy based on a country’s interest rate outlook. In simple terms, investment decisions were made on inflationary pressures in the various economies as the prospects of monetary tightening or loosening and the relative value of yields dictated a fund‘s weightings in the government debt of various countries.

A vegetarian leaks.

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