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Bond Bulls On Stampede In BofA Fund Manager Survey
Fund managers are more confident than ever that longer-term bond yields are headed lower.
That was the headline takeaway from the November edition of BofA's closely-watched Global Fund Manger survey, released on Tuesday.
61% saw lower bond yields in the poll, which was conducted from November 3 through November 9.
Recall that from November 1 through November 8, 10- and 30-year US yields fell 40bps on the heels of Treasury's refunding announcement (which showed smaller-than-expected coupon i
We’re USA USA, if no warzzzzzzzz, deecee would have to fix domestic stuff. They can’t even get to clean water in Flint, Michigan and Jackson, Miss…….thus there has to be new markets for more warzzzz somewhere to keep DoD/DoS/CIA/USAID on a roll. How about Columbia vs Venezuela? They could use a bigger dose of USA USA…….Or the bigger of neoconjobzzz dreamzzzz, Iran.
I doubt that I am alone in appreciating your cynicism- makes for an informative and an entertaining read.
My head canon for the era of the “peace dividend” was roughly the 90’s: from the fall of the Berlin Wall up until 9/11, after which it came to a screaming halt. Defense spending actually fell in all 4 years of the H. W. Bush administration, then continued to fall during Clinton’s administration, gently inflecting in the last couple years. Defense spending took off like a rocket during the W. Bush admin, as spending on the Iraq & Afghan wars became a bipartisan affair whilst failing to be sufficiently pro-military became a political third rail.
Of course, you qualified your statement by explaining that [to qualify as a dividend] the money instead “went towards facilitating better and more equitable domestic economic outcomes.” I definitely cannot make that argument re: the 90’s. Still, money not spent by the federal government is money not contributing to demand-push inflation I suppose.
The disputed, if not stolen, presidential election of 2000 was THE major turning point that humanity and the planet may never recover from imho…
Fwiw…(nothing)…I originally had a Material Girl reference to H’s real world congratulations but comment thread took me in a very different direction…peace to all…