Get ready for the great unwinding
Fiancial Times/Philip Cogan/4-11-2023
“The recent turmoil in financial markets is a sign of a longer-term problem. More than a year after Russia’s invasion of Ukraine, inflation has proved to be far from transitory. That has meant government bond yields, while volatile, have shown no sign of dropping back to the historic lows reached in the past decade.”
USAGOLD note: How the great unwinding – the switch from an investment environment built low bond yields to one based on inflation and high yields – will affect the way the financial sector operates.
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