Marcus Ashworth, Bloomberg Opinion columnist covering European markets, explains the risk that comes with issuing 50- or 100- year bonds which lock the current low rates for a lengthy period: they kill liquidity and are highly sensitive to interest rate fluctuations (we discuss more in the next podcast). However, the hunt for yield has already enticed a number of European countries…
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.