As Irish bonds extend their rally, the gains for investors may be disguising a different story.
Investors face a 50 percent chance of sharing in losses in Irish government debt, Citigroup Inc. economist Michael Saunders said.
Investment spending in emerging markets is outpacing expenditures in developed economies for the first time, as a surge in infrastructure supports global growth and profits at companies from Siemens AG to Caterpillar Inc.
Bank of England policy makers will today consider restarting asset purchases and a range of other measures as they redouble efforts to revive Britain’s economy.
The U.K. may be facing an “extended inflation overshoot” as consumers’ long-term price expectations rise, Citigroup Inc. said.
"The Johnson Review may, at the margin, raise the likelihood that the DMO start issuing CPIH-linked bonds at some point."
- Michael Saunders on Jan 08, 2015