bond bubble

After the latest wave of central bank rate reductions my clients and contacts have been consistently asking whether central banks know what they are doing. Given rate...

2019 has been unusual in that both equity and bond markets have rallied strongly against a backdrop of solid economic growth. Commentators have repeatedly cited the...

With bond prices going parabolic in the past few weeks (FIG 1), once again market participants are wondering whether the “bond market is in a bubble”. That concern...