Bond Outlook [by bridport & cie, March 22nd 2006]
Can anything new be drawn out of Bernanke’s recent comments? About the only thing we can see is that he recognises the importance of long-term yields and is shifting attention to 10-years, stating that the Fed will lift the short-end enough to drag the long-end up with it. He is totally anodyne about the forthcoming end of the housing bubble, seeing price declines as inevitable but moderate. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
