Saving Bonds
Andrew Pyle
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Posted 07.06.2012
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Canada Business
Read More:
Wealth Advisor,
Scotiamcleod,
Andrew Pyle,
Canada,
Deficit,
Debt,
Bond Yields,
South East Asia,
US Bond Deficit,
Macau,
Stimulus Plan,
Canada Business News
The seeds are already planted for bond yields to climb over the long-term as we lose the traditional investors in the U.S. debt market. One way out of this dilemma is to get deficits under control and put debt (and debt/GDP ratios) on a more sustainable trajectory. If preventing a return to double-digit bond yields (and mortgage rates) in North America isn't a big enough motivation to do this, I don't know what is.
