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GrahamsBenjamins Newsletter

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GrahamsBenjamins Newsletter
GrahamsBenjamins Newsletter
A Pivotal Problem for Central Banks

A Pivotal Problem for Central Banks

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Grahams Benjamins
Jun 24, 2022
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GrahamsBenjamins Newsletter
GrahamsBenjamins Newsletter
A Pivotal Problem for Central Banks
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A Pivotal Problem for Central Banks

We have commented in previous notes about the understated importance of the trend in bond yields in the post-2008 environment for asset prices and monetary policy alike. Lower highs and lower lows in official interest rates were effective tailwinds as rates and bond yields gravitated towards zero. Or in the case of bon…

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