Kevin Adams
OpinionHow current thinking on interest rates affects DB hedging levels
Derisking and the rise of the secular stagnation thesis – that interest rates might remain depressed as growth rates struggle to gain momentum – contributed to increased hedging activity over the past year.
- Opinion
Gilts present pathetic value. What are the alternatives?
Low interest rates have become a permanent feature since the global financial crisis in 2008, as central banks attempt to encourage economic activity.