BLOOMBERG Bloomberg Real Yield January 26, 2018
We start with the big issue, dalios warning resonating from davos to new york. A 1 rise in bond yields will produce the largest bear market we have seen since the 19801981 period. Are we in it . There will be a time of the bank of japan and ecb begin tightening. That will be the time when bond yields increase. I dont see that now, unless im wrong on inflation. I dont believe the Federal Reserve will tighten before suggested. I dont think the bear market is starting. Since 1990 we had many, many predictions but it has not happened. Lisa joining me in new york is Subadra Rajappa, and rachel , an...