The corona crisis will mark the end of the longest-running trend in markets

With politicians and central bankers enthusiastically embracing money printing and a recession almost certainly not too far off, the slide in bond yields is set to reverse, says John Stepek. Here’s what that means for you.

Boris Johnson: wholeheartedly embracing money printing © Getty

Albert Edwards has copped a lot of criticism over the years for being too bearish on stocks. However, as we’ve noted before, the Societe Generale strategist has been equally stubbornly correct about one very important point which most others have got entirely wrong. He’s been a bond bull through thick and thin.

So that’s why we were really interested to read his latest report. Because now he thinks the bond bull could be very close to ending.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.