Comment: Why It's Wise to Take Heed of Us Bond Vigilantes...
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Summary
WORRIES over government bond markets saw notable weakening in the prices of US government bonds last week, pushing yields on the ten- year benchmark bond to their highest since last June.
The upward move is being blamed on the return of that most mysterious and sinister of forces in US financial markets - "the bond vigilantes". The phrase conjures up images of flinty-eyed Clint Eastwood look-a-likes straight out of a spaghetti Western - so what, or who, are bond vigilantes, and should we worry about them?See the full content of this document
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Comment: Why It's Wise to Take Heed of Us Bond Vigilantes...
In truth, the vigilantes have never gone away. The group first came to public attention in the 1980s when inflation was much higher and yields on government bonds more than double the level they are no...
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