Amidst all the other turmoil, EU's modest moves on ESM reform risk getting ignored completely. Putting ESM as backstop behind Single Resolution Fund for banks by 2022 is step in right direction at least. Great thread this by @SebastianMack_ twitter.com/SebastianMack_…
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