IfW in den Medien

Beat the S&P 500 Return with Defaulted Bonds?


Bericht über die Studie "Sovereign Bonds since Waterloo" von Josefin Meyer, Carmen Reinhart und Christoph Trebesch.

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(...) As I shared on the Cash Chronicles IG Page today, there was a fascinating study published by researchers at the Kiel Institute for the World Economy and Harvard’s Kennedy School of Government that showed that returns from all defaulted sovereign bonds beat the return of the S&P 500 over the period from 1995 to 2016. The return on defaulted bonds did not beat the return of US equities over a longer period though from 1815 to 2016, however defaulted sovereign bonds did outperform US Treasuries over that period.

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