Email of the day (3)
Comment of the Day

September 19 2011

Commentary by David Fuller

Email of the day (3)

On bond secular bear:
"We were just wondering if you are still maintaining that we are in a secular bear market for government bond prices (rising yields), because we've seen yields drop to record lows across the curve in many countries including the USA."

David Fuller's view I think we are due for a secular bear market in long-dated government bond yields but clearly we are not yet in one, as far as US Treasuries and most other government bond markets are concerned. Consequently, my forecast that government bond yields would rise has certainly been premature, if not outright wrong.

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