Bond Outlook June 28th

The flight to safety has now become a flight to extreme safety as even the BIS joins in the chorus asking for higher rates.

22nd June: Jon Anda's return to Morgan Stanley

For me, this story has it all: the human element (man takes decision and then very publicly repents) as well as the corporate element (a battle to the death for talent between Morgan Stanley and Perella Weinberg).

Bond Outlook June 21st

Is this history we are watching? Central bankers are now collaborating in moves to rebalance the world economy, and a Fed Chairman who could care less about asset bubbles.