Large Current Account Surpluses and some a big savings glut is huge news for some investors
A global savings glut and lack of central bank intervention in fixed income markets will lead to structurally higher real yields for fixed income going forward argues Bank of America’s Rates Strategist Ralf Preusser in a research note issued earlier this week.
Large Current Account Surpluses Savings Glut Bad For Bond Yields
According to Preusser’s findings, since 2006 global trade imbalances have become more concentrated with the ten largest current-account surpluses accounting for 84% of all current account surpluses in 2016, compared to...
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