Kissing the Longer Run Goodbye

Posted on Perspectives

Windfall to bondholders Interest rates globally have collapsed. US 10-year government bonds now yield 2.0%, down from 2.5% at the end of Q1 2019. Incredulously, 10-year Greek government bonds are also now yielding just 2%, despite having credit ratings that are of speculative grade. These yields look meagre until alternatives are considered. Following the US […]

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