Deutsche Bank On Global Bubbles: The Music Could Stop At Bonds
A toxic mix of central bank intervention, ultra-low inflation and yields and historically high sovereign debt has spawned a bubble in bonds, say Deutsche Bank strategists Jim Reid, Nick Burns and Seb Barker in their data-heavy but comprehensive research note ‘Long-Term Asset Return Study-Bonds : The Final Bubble Frontier? ’ of September 10.
“We think this year’s main conclusion is interesting as although we’ve been in the low yields for longer camp for some time (and still are in the near-term), we . . .
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