Links – 2017.10.17

It’s early in the process … I’m going to add a few links everyday, and some of them are going to be dated.  I’ll get through my back catalog sooner or later.

The Janus thing is a must read for me (and something I’ll be keeping an eye on going forward).  To be fair, the headline is a bit misleading … they rightly point out that there are hedging costs associated with investing in European high-yield debt.

That said … buying corporate grade debt in Europe (on a hedged basis), only yields 2% more than buying US treasuries!  It doesn’t make sense to me.

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