A bond yield-minus-nominal-growth gauge shows a widening divergence between the US and Europe’s major sovereign markets, Stefan Schubert says. He argues the gap is larger than recent coverage suggests, even as European spreads remain below past crisis peaks.
published
A bond yield-minus-nominal-growth gauge shows a widening divergence between the US and Europe’s major sovereign markets, Stefan Schubert says. He argues the gap is larger than recent coverage suggests, even as European spreads remain below past crisis peaks.
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