Strange bedfellows:
A review of the 10-year US Treasury Bond yields and Gold price has highlighted that it is not just the 2-year yield which has seen the unusual pattern of rising interest rates and Gold prices
Thankfully I don’t have any government stock, but I’ve got some of the yellow stuff:
Nominal rates don’t matter much if the real rate remains low thanks to inflation (and expectations for it).
SB,
It is not apparent yet, but deflation is the risk.
BTW China is swamped in deflation. But quite honestly I’d have to go and read the reports in more detail. There are conflicting headlines.
America and Europe this is next.