Cio Europe At Vanguard

(Reuters) - The euro was underpinned on Tuesday by hopes a way would be found to push through a second bailout deal for Greece, though fresh signs of exposure to Europe's economic troubles among leading banks rekindled investor unease, sending shares lower. U.S. stock index futures pointed to the unresolved Greek deal weighing on Wall Street at the open, ahead of Senate testimony from Federal Reserve Chairman Ben Bernanke that may grab the spotlight at 1500 GMT (10 a.m. EST) after last week's strong jobs data. Greece's prime minister and leaders of its main political parties are set to resume talks later Tuesday on new austerity measures demanded by the EU in return for another bailout. The deal needs to be approved by February 15 if the money is to be available in time to meet a March ...

Investors are needlessly exposing themselves to huge potential losses by defying two golden rules for making money through bonds - lend more to those who will pay on time in full and less to those already saturated in debt. Traditional fixed income benchmarks that allocate investment weight based on the volume of a country's debts have nurtured what some see as a dangerous conviction that sovereign borrowers who owe the most are the safest to lend to. In a clarion call to investors the same week that Italy -- Europe's largest bond issuer -- passed a crucial test of its ability to borrow, Gregor MacIntosh, Lombard Odier Investment Managers' head of rates, said those who slavishly model portfolios on issuance rather than fundamentals were most at risk. "We're trying to embody a more ...