Soaring government debt supply and a massive reduction in bank prop trading and other forms of risk capital have transformed the opportunity set for the remaining players in the fixed-income RV space
Fixed-income arbitrage is back on investors' radar screens in a big way, at a time of un-precedented government debt supply, rock-bottom interest rates, a significant spike in bond market volatility and massive fiscal and monetary stimulus programmes in the major economies.
The Sanctum...