The idea of this is not to say the world is ending, or that this is an economic forecast in any way. The point of this note is to offer a different perspective on what is currently weighing on the bond market as the broader context of these under-appreciated technicals seems very important. Also, if these factors are right, and continue to push yields lower, it will end up being very supportive for asset prices, especially in the US.
The Gravitational Pull of the Lower Bound
The Gravitational Pull of the Lower Bound
The Gravitational Pull of the Lower Bound
The idea of this is not to say the world is ending, or that this is an economic forecast in any way. The point of this note is to offer a different perspective on what is currently weighing on the bond market as the broader context of these under-appreciated technicals seems very important. Also, if these factors are right, and continue to push yields lower, it will end up being very supportive for asset prices, especially in the US.