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The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit

  • HSBC’s Major says ultra-low rates, yields are here to stay
  • Demographics, debt overhang, income gap are structural issues
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Could U.K. 10-Year Yields Turn Negative?

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In some ways, it really didn’t matter to Steven Major whether the U.K. voted to stay or to leave.

Sure, as a Brit, Major followed the U.K.’s surprising decision to break with the European Union. And, of course, the 51-year-old Londoner voted (though he politely declined to say whether he was in the “Remain” or “Leave” camp).