The Bank of International Settlements was one of the few global financial institutions to correctly warn of the 2008 credit bubble that brought us the Great Recession. Now the Switzerland-based BIS is warning that another bubble has formed in the bond market, the largest liquidity pool on the planet.Read the rest here.
With the interest paid on bonds at the lowest levels for 30 years this is self evident. Bonds are valued most when their yields are lowest. When yields rise bond prices fall. Are we about to reach such a tipping point?
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