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Macro Series – Comment – Lowlife: the dynamics of rock bottom bond yields

Russell Jones

Llewellyn Consulting
February 18, 2020

After a near 40-year bull market, advanced-economy bond yields remain historically low.
Inflation has also fallen to subdued, often uncomfortably depressed, levels.
The persistent decline in long-term interest rates reflects mutually reinforcing secular forces.
Some of t...

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