Bonds & Kindleberger's framework for bubbles

Chris Watling | Longview Economics | 27 August 2019

PARABOLIC BOND PRICES

“It's the new paradigm – buy equities for yield & bonds for capital gain” - Source: Anonymous

With bond prices going parabolic in the past few weeks, once again market participants are wondering whether the bond market is in a bubble. That concern first surfaced in the mainstream when yields initially started turning negative during the Eurozone crisis. While negative...