I’ve started a monthly series where I share interesting things I’ve come across (articles, podcasts, reports, recent travels, etc.) with brief summaries for your reading pleasure. I know I missed July’s round so I’m putting them in for August’s issue: Articles I’m reading Harley Bassman (in case you don’t know, he invented the bond market volatility gauge – MOVE Index when he was at Merrill Lynch) shared his high level thoughts on the bond market and spread segments and made the case for mortgage-backed securities and municipal debt in the current backdrop. His main point is that he thinks he isn’t compensated for duration risk and credit risk, but there’s good relative value for convexity risk given the confluence of elevated implied volatility and an inverted yield curve at this juncture. The maverick hedge fund manager Alex Gurevich shared his macro thesis on deflation and reiterated his bullish view on duration in this piece that’s worth a read....