Central banks will not allow the bond market to crash, they will conjure $$$ from thin air, and buy, buy, buy. With such historic manipulation, its unclear what will happen
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Central banks will not allow the bond market to crash, they will conjure $$$ from thin air, and buy, buy, buy. With such historic manipulation, its unclear what will happen
@tgo As I said the QE trick worked once because investors trusted that the Central Banks were doing the right thing and would eventually be able to unwind the whole scheme but if they can't and then start printing more confetti to keep rates low investors will be spooked confidence in paper will evaporate very quickly.