If the yield curve reverses and investors are willing to accept lower rates on long-term debt than short-term, it bodes ill for the economy, says John Stepek.
Donald Trump’s tax cuts is a big loosening of fiscal policy. But it’s the wrong time for that approach, says John Stepek. It could spark a bear market in bonds.
China’s bond market is far more important than the Chinese Stockmarket. And it may be time to start worrying.
John Stepek casts an eye back to the slow, painful bond market crash of 1967-71 to see what investors can learn about the current bond bubble.
John Stepek looks back to the “great bond massacre” of 1994 to find out what we can learn about today’s bond bubble.
Austria’s century-long bond has proved extremely popular. But as John Stepek explains, that’s not necessarily a good thing.
When it comes to overpriced government bonds, we thought we had seen it all. But Iraq’s $1bn bond sale is the epitome of a credit bubble.
Investors have snapped up Iraqi government bonds yielding just 6.75%. If they’ll ignore the obvious risks for such a small return, asks John Stepek, what else are they ignoring?
The Bank of Japan has already bought vast amounts of Japanese government bonds over the past four years as part of its plan to lift Japan’s inflation rate to around 2%.
Many people think there’s no bubble in the bond market because investors aren’t excited enough. But boring markets can crash just as heavily as exciting ones, says John Stepek.
Macron’s win is a victory for the status quo, says Hugh Hendry, which mans European sovereign bon yields will start to rise.