Rising long-term yields reflect uncertain sentiments – BIS
Latest quarterly review highlights diverging trends in bond, equity and corporate credit markets
The rise in long-term government bond yields over recent months has been driven by uncertain sentiment and higher inflation expectations, the Bank for International Settlements has said.
In its latest quarterly review, published today (March 11), the BIS says long-term yields had been increasing despite major central banks easing policy. It adds that inflation stayed above policy-makers’ targets throughout last year.
“The persistence of inflation, together with the resilience of labour markets
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