Paul Ross
Paul Ross
Paul Rossis a British television and radio presenter, journalist and media personality...
additional basis bond bust buyers credit expensive future hard ignoring interest investors learned lessons low market period point prior rates search seeds seem sowing tight yield
Today, as bond buyers search in this period of very low interest rates and tight credit spreads for every additional basis point of yield they can find, market participants seem to be ignoring the lessons that were learned in prior bust periods, ... By ignoring those hard learned and expensive lessons, such investors are sowing the seeds of future defaults.