http://viableopposition.blogspot.ca/2017/01/bond-market-volatility-lessons-from-past.html
"On balance, then, more than to a 1994-style meltdown,
fixed income assets seem about to be confronted with dynamics similar to the
second half of the 1960s, coupled with complications of a 2003-style curve
steepening. By historical standards, this implies sustained double-digit
losses on bond holdings, subpar growth in developed markets, and balance sheet
risks for banking systems with a large home bias."
No comments:
Post a Comment