Why This Week Could See Start of of Risk-Off
May 20, 2013 at 00:00 AM EDT
We have seen bouts of reality emerging in phases, which have subsequently been washed over by the relentless search for yield, Slovenia's bond issue last week being a classic example. However, the deteriorating economic and political triggers in Europe appear likely to cause a bout of serious risk-off, starting early next week, Mike Gallagher, director of research at IDEAglobal writes.