2 ms·
Couldn't be bothered to read the article before commenting? > James Bilson, global fixed income strategist at Schroders, said fiscal policy and debt sustainabi
by kvuj 19d ago
Couldn't be bothered to read the article before commenting?
> James Bilson, global fixed income strategist at Schroders, said fiscal policy and debt sustainability are crucial for bond markets and the current rise in U.S. yields is not yet a sign of increasing sovereign credit risk.
> The cost of insuring U.S. sovereign debt against the risk of default, as reflected by credit default swaps, has fallen to its lowest since February, for example.
> "Combined policy is too loose to deliver sustained 2% inflation," he said. "This, in one line, is the root cause of the current weakness in bonds. Solve inflation, and many other problems become much easier too."
- throw0101c 18d ago> Couldn't be bothered to read the article before commenting? I've been not-reading articles since the early days of Slashdot.