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Yardeni Says Bond Vigilantes May Return After Virus Crisis Fades

  • World now experiencing the GVC - Great Virus Crisis: Yardeni
  • Post-GVC inflation scare seen a risk, given amount of stimulus

The market veteran credited with coining the term “bond vigilantes” says there’s a chance they could make a return in the aftermath of the coronavirus, after being largely absent for decades.

Government debt in most developed nations has seen a powerful rally the past two months as the deadly epidemic throttled economic growth. But once the outbreak finally subsides, they might start tumbling when investors consider the tremendous amount of stimulus enacted by policy makers, says Ed Yardeni, president and chief investment strategist of Yardeni Research Inc.