JPMorgan Chase & Co ., the second- biggest U.S. bank by assets, named Douglas Petno chief operating officer for commercial banking.
Eaton Vance Management, which oversees $198 billion, estimates South Korea’s won is 15 to 20 percent undervalued, making the nation’s bonds attractive on prospects the currency will appreciate.
Then-U.S. Federal Reserve Chairman Alan Greenspan called it a conundrum a decade ago when he boosted interest rates only to see bond yields fall. European Central Bank President Mario Draghi is facing a similar puzzle with the euro.
"It is not surprising given the sprout of volatility we have seen in global markets that the yen has rallied."
- Eric Stein on Dec 16, 2014
Stein Says Gold Price Volatility Driven by Fed
Stein, Hou on Chinese Economy
Stein Bearish on Europe, Short on French Bonds
Stein Bullish on Europe, Short on French Bonds
EV’s Stein Says Fed Is ‘Best Focused on Inflation’