Swiss Economicblogs.org
Our baseline scenario for 2018 sees a moderate rise in benchmark bond yields. But US Treasury yields could be stuck at 2.5% as growth moderates and inflation remains stubbornly low.In our start-of-the-year scenario for 2017, we thought that inflation, monetary and fiscal policy would push yields on core sovereign bonds higher, except on Japanese ones. In the event, political gridlock in Washington forced us to abandon our expectations for a significant fiscal stimulus in the US that would...
Read More »Core sovereign yields are heading North
