RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: The Man Who Predicted The Collapse In Bond Yields Reveals What Happens Next: "There Is A Lot More To Come" Thu Aug 22, 2019 9:49 pm | |
| Earlier this week we wrote that after decades of waiting, for Albert Edwards vindication was finally here - if only outside the US for now - because as per BofA calculations, average non-USD sovereign yields on $19 trillion in global debt had, as of Monday, turned negative for the first time ever at -3bps.
So now that virtually every rates strategist is rushing to out-"Ice Age" the SocGen strategist (who called the current move in rates years if not decades ago) by forecasting even lower yields (forgetting conveniently that just a year ago consensus called for the 10Y to rise well above 3% by... well, some time now), what does the man who correctly called the unprecedented move in global yields - which has sent $17 trillion in sovereign debt negative - think?
In a[?!] word: "There is a lot more to come."
https://www.zerohedge.com/news/2019-08-22/man-who-predicted-collapse-bond-yields-reveals-what-happens-next-there-lot-more?fbclid=IwAR3fRTjPD4CCdpmOZrx20TIYAtlRg-kAZgZ4qEWmc9rkUCPr1gg8utJMPUk |
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