“theory made real”
In 2018 Shanghai launched an oil futures contract.
Market faced stress test in April. Whereas US crude market collapsed, China’s contract stayed c. $30 -> attracted flood of shipments into China storage -> calmed market built stocks. ft.com/content/2e4c4b… https://t.co/o0UebaZdBy
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
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