We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

On the deflation trail

16 May 2003

It is only possible to justify extremely low yields if one believes in a long period of deflation. The Fed’s acknowledgement that deflation is a minor risk has fuelled the rally. But with 10year yields at 3.5%, bonds may have overshot.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)