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While equity investors appeared happy about recent developments in Greece, Italy, Spain and Portugal, central banks across the globe were happy to hold their fire.    Bond investors, however, positioned their portfolio for a rise in interest rates.    Is the decade long Treasuries’ bull run over? ... Read more
Is Italy out of the center of the European crisis?    2011 was a turbulent year in the nation’s history book.    PM Silvio Berlusconi was “more or less” forced out of the country’s power and Professor Mario Monti was put in charge of a technocratic government in November 2011.    Meanwhile, the Italian political spheres all took a step back in order to let Monti introduce rapidly a series of reforms, which... ... Read more
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