10-year real rate is back below zero. In a rational world we'd be building infrastructure. https://t.co/j6a7PJDPX1
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from