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Home Banking Lane’s currency faux pas, Diving into US investment grade bond markets

Lane’s currency faux pas, Diving into US investment grade bond markets

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Lane’s currency faux pas, Diving into US investment grade bond markets

Wednesday 9 September 2020  –  Vol.11 Ed.37.3

Commentary: Lane’s currency faux pas

By Mark Sobel in Washington

With the seemingly innocuous observation that the euro-dollar rate ‘does matter’ for monetary policy, European Central Bank Chief Economist Philip Lane unleashed a bout of foreign exchange market turmoil, perceived by some as talking down the euro. Amid a global economy characterised by extreme stress, finance ministry and central bank officials need to exercise serious caution in commenting on currency markets. Currency protectionism, especially in this day of populism, is an ever present and looming threat.

Read the full commentary on the website.

Podcast: US investment grade bond markets

James Blair, investment director of fixed income at Capital Group, joins OMFIF’s Pierre Ortlieb to talk about the state of US investment grade bond markets. They discuss how these markets have performed during the Covid-19 crisis, what central bank policy innovation means for corporate bonds, and issues regarding liquidity and market structure.

Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.

 

 

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