Monday, February 26, 2018

Today's Headlines

Bloomberg:
  • Draghi Focuses on ECB Stimulus as Latvia Sidelined in Brussels. (video) Mario Draghi largely skirted the Latvia crisis affecting the European Central Bank and stuck to his plans to keep adding stimulus as he addressed European Parliament lawmakers on Monday.The ECB president said he’s not yet ready to pare back support for the euro area despite increasing confidence that inflation will pick up. Economic slack may be bigger than thought, and policy makers must remain persistent in providing monetary accommodation, he said, adding that they must also recognize the support comes from the full suite of measures and not just bond purchases.
  • Here's One Sign the Selloff Pressure for Risk Parity Is No More. (video) The worst may be over for a popular volatility-linked trading strategy blamed by somefor exacerbating the recent global rout. Risk-parity funds -- which apply leverage to fixed-income holdings in a bid to spread risk equally across asset classes -- are within striking distance of their target level of volatility, suggesting they are under less pressure to lighten up on risk.
  • Treasuries Are on Knife-Edge But Big Funds Ready to Add Risk. (video) Not everyone shares Bill Gross’s conviction the bond bear market has started. His former colleagues at Pimco are tiptoeing back toward securities most exposed to interest-rate risk, even as the psychologically key 3 percent threshold looms large for 10-year Treasury yields. And they’re not alone -- Nomura Asset Management is also rekindling duration bets.
Wall Street Journal:
  • What the Hospitals of the Future Look Like. The sprawling institutions we know are radically changing—becoming smaller, more digital, or disappearing completely. The result should be cheaper and better care.
CNBC:

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