Whatever their motivations, spin-offs can have a dramatic effect on the performance of the associated corporate bonds, so it is crucial that fixed-income investors conduct the necessary analysis. Nathan N.J. Grant, CFA, has some advice.

Russia has imposed the Caspian Convention it dictated, but vetoes Iran’s membership in the Euro-Asian “economic family” and the Shanghai Group. Russia’s interest is keeping Iran out of the international gas market, thus holding Moscow’s Damocles Sword

Even Germany is unwilling to take any of the migrants shuttled by Erdogan to the Greek-Turkish border. “I thank Greece for being our European ‘aspida’ [the Greek word for shield].” — European Commission President Ursula von der Leyen, March 3, 2020. The