There isn't much reason why the ECB won't hike further. We don't think its time to buy because they have changed their rhetoric pretty drastically.

The volatility we've seen in European bonds this year (2005) has been quite spectacular and it hasn't been a very good year. In the middle of the year, staying bullish in European bonds would have been one of the worst trades.

The volatility we've seen in European bonds this year has been quite spectacular and it hasn't been a very good year. In the middle of the year, staying bullish in European bonds would have been one of the worst trades.

The value of life is best appreciated by those who have only a short time to live.

If you have enough time to waste, try giving it to someone who have moments to live.

'Time' is an internationalist publication catering to internationalist readers who are not only interested in their own backyard.