The ‘Sintra Deleveraging’

Posted on 18. Jul, 2017 by Jean Jacques Ohana in Weekly Focus

July 18, 2017, Jean-Jacques Ohana, CFA and Dr. Christian Witt (both YCAP Asset Management)
Global sovereign yields suddenly spiked on June 26, 2017, when rumors spread that central bankers from around the world were discussing monetary tightening during a conference held in Sintra, a small Portuguese town. Since then, US and German sovereign yields jumped by [...]