The Return of Inflation and the Bond Market
There have been so many false alarms warning of inflation’s imminent return over the past decade that it’s hard to keep track. There was the initial unease after the Federal Reserve cut interest rates to zero, and another scare when it started buying up massive quantities of bonds. And then the time the European Central Bank drove its benchmark rate into negative territory. Citigroup Euro Rates Strategist Michael Spies discusses with "On the Move" host Guy Johnson.
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