Bond Investors Remain Complacent, but Hopes for Inflation May Fade
Posted By Ben Breitholtz
The global economy is seemingly exhibiting growth dynamics akin to occurring late in a cycle. Investors in U.S. Treasuries have built in the largest inflation premiums since prior to the crisis. Inflation needs to 'put up or shut up' to avoid a return to lower yields. For the moment, the U.S. 10-year yield is the highest across major developed economies.... Read More