Unintended consequences of low interest rates
When bond yields go negative
For a long time we believed that interest rates have a lower bound at zero. After all, it defies logic for providers of debt capital to pay borrowers for the privilege of using their capital. However, as ridiculous as it may seem, that is exactly what we saw until two weeks ago.
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Graduate Development Programme
The Graduate Development Programme is aimed at developing new talent by exposing new graduates to the investment management industry.