By Bilal Hafeez 15-08-2019

Can Fed Turn Bonds Yields At Jackson Hole?

(3 min read)
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Bond yields across the world are falling to record lows. US 30 year treasury yields are at their all-time lows and flirting with the 2% threshold, German 10-year government yields have crossed below -0.6%, and remarkably, Spanish 10y yields are close to zero percent. Nervousness around China – whether based upon the Hong Kong protests or weak economic data – appears to be impacting yields.  Worryingly, not even President Trump’s recent, more conciliatory trade comments have been able to arrest the decline in yields. The ball is therefore firmly in the Fed’s court to introduce a new dynamic for bond yields, and so the upcoming annual gathering of Fed officials on 22-24 August at Jackson Hole will take added importance...

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