Conference Calls
Balance Sheet and Sovereigns Post
August 9, 2017
Comment Our own models indicate changes in central bank balance sheets explain 60+% of the variation in returns produced by the MSCI World and Barclays Global Aggregate Bond indices. The top panel in the chart below shows actual (gray) and estimated (green) 90-day rolling returns for the Barclays Global Aggregate Bond Index. The contribution of… Continue reading Balance Sheet and Sovereigns Post