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Persistent link: https://www.econbiz.de/10011435991
Long-term interest rates in Europe fell sharply in 2014 to historically low levels. This development is often attributed to yield-chasing in anticipation of quantitative easing by the European Central Bank. We examine how portfolio adjustments by long-term investors aimed at containing duration...
Persistent link: https://www.econbiz.de/10012962082
Long-term interest rates in Europe fell sharply in 2014 to historically low levels. This development is often attributed to yield-chasing in anticipation of quantitative easing (QE) by the European Central Bank (ECB). We examine how portfolio adjustments by long-term investors aimed at...
Persistent link: https://www.econbiz.de/10013014073
Persistent link: https://www.econbiz.de/10011685675