Market commentary I have been seeing has had an unusual split: warnings about the collapse of the bond market, as well as imminent recession. That combination would appear unlikely, given the usual reaction of central banks to recessions is to cut rates. However, it makes more sense if we accept that the United States and the rest of the developing world have diverging fortunes, as well as the reaction to the negative first quarter GDP print released last week.
Bond Yields And Recession Risk
Bond Yields And Recession Risk
Bond Yields And Recession Risk
Market commentary I have been seeing has had an unusual split: warnings about the collapse of the bond market, as well as imminent recession. That combination would appear unlikely, given the usual reaction of central banks to recessions is to cut rates. However, it makes more sense if we accept that the United States and the rest of the developing world have diverging fortunes, as well as the reaction to the negative first quarter GDP print released last week.