Fixed Income, Rates, Currencies: Rising yields signal reflation

Total excess reserves of credit euro-zone institutions hold subject to minimum reserve requirements

The Federal Reserve has not hinted at its future plans to unwind quantitative easing (QE). However, markets are looking to 2013’s ‘taper tantrum’ for an explanation of the dramatic US-led bond market sell-offs. 

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands