BLOOMBERG Bloomberg Real Yield January 28, 2018
We start with the big issue, dalios warning resonating from davos to new york. Take a listen. Ray a 1 rise in bond yields will produce the largest bear market in bonds that weve seen since the 19801981 period. Has that bear market started . Are we in it . Ray i think were in it. There will be a time the bank of japan and ecb begin tightening. That will be a time when they arbitrage narrows and maybe when bond yields increase. I dont see that now, unless im wrong on inflation. And i dont believe the Federal Reserve will get to the four tightenings they suggested, that will get the 10 year to 3....