By Caroline Grady 11-05-2021
In: hive-indicators | Rates

Where Can You Get Higher Bond Yields?

(2 min read)
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US yields are up by around 70bps since our last bond yields report in December with large-scale stimulus, vaccine rollout and re-opening the main drivers. US real yields are up, but remain negative, and the S&P has gained another 13%. Little has changed in our overall ranking of bond yields although nearly all countries have seen rates rise as inflation concerns heat up. South Africa and China are the main exceptions reflecting ongoing currency strength and more contained domestic price pressures generally.

Turkey remains the highest yielder in our sample. With 200bps in rate hikes earlier this year and renewed concerns about institutional credibility yields are up sharply versus December. The country also has by far the highest inflation with real rates currently around zero.

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