The Bond Vigilantes Are Back! And They're Not Happy About Deficit Spending
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Ed Yardeni, the investment strategist who coined the term "bond vigilantes" back in 1983 declares they are back & responsible for the painful recent rise in bond yields. Specifically, Ed thinks concerns about the high degree of deficit spending & increase in supply of US Treasurys is what has awakened them from their decades-long slumber.
Where does Ed see bonds & stocks headed from here? We discuss in detail in this interview.
Video Length: 00:58:29
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