The world of zero interest rates is making life tough for investors, particularly in the bond market.
One fixed income expert believes he has a way to capitalize.
Adam Fisher, the co-founder and chief investment officer at CommonWealth Opportunity Capital, which manages about $2 billion for clients, advocates a trade that is short interest rates in Japan and long rates in Europe.
He said negative rates are going to result in a low level of private sector borrowing which will trigger a need for a high level of public sector borrowing. Japan, he said, will do just that, but Europe will not, pushing their rates in opposite directions.