The Problem With Bonds

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It’s A Duration Crisis, Not (Yet) A Credit Crisis. Bonds, Not Banks Look Dangerous

 

We face not so much a credit crisis (or at least not yet) involving private debt, but a duration crisis affecting public debt. If this is true, the entire base of the financial system and the trajectory of Global Liquidity are at risk, and policy makers may need to pump in even bigger volumes of Central Bank liquidity to bail the system out.

 

 

See our latest published research, Global View It’s A Duration Crisis, Not (Yet) A Credit Crisis. Bonds, Not Banks Look Dangerous - August 2023

 

For further information, or to change user options, please contact us at research@crossbordercapital.com 

 

 

 

    
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