Sovereign bonds, convenience yields, and the resurgence of supply shocks
Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This premium, or ‘convenience yield’, allows
Expanding private insurance for long-term care to reduce public spending
As populations age, the demand for long-term care will increase dramatically. This column argues that markets for long-term care insurance in the US have failed
HSBC to cut 10% of its workforce in France
HSBC plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, the bank said
