And you thought CDOs were difficult to understand…have you seen the new scratchcards?

By Jim Leaviss
"I phoned Camelot and they fobbed me off with some story that -6 is higher, not lower, than -8 but I’m not having it".

Not bond related, but a combination of funny and disturbing – click here to read full article.

 

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

Jim Leaviss

Job Title: CIO Public Fixed Income

Specialist Subjects: Macro economics and fixed interest asset allocation

Likes: Cycling, factory records, dim sum

Heroes: Brian Clough, Morrissey, Neil Armstrong

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