Japan’s GPIF to Invest $2.7 Billion in Infrastructure

Japan’s Government Pension Investment Fund, the world’s largest pool of retirement savings, will invest as much as $2.7 billion in infrastructure over the next five years.

Bonds’ Point of No Return About a Standard Deviation Away

The biggest monthly loss in fixed-income securities since 2004 has still left global yields short of the tipping point that would signal a bear market in bonds.