Indebted US consumers cannot afford higher borrowing costs. Photo: AFP Indebted US consumers cannot afford higher borrowing costs. Photo: AFP
Indebted US consumers cannot afford higher borrowing costs. Photo: AFP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why I’m betting on higher US bond prices

‘In ordinary times, low or even lower yields on US Treasuries amid tighter Fed policy might seem unthinkable, but we are not living in ordinary times’

Indebted US consumers cannot afford higher borrowing costs. Photo: AFP Indebted US consumers cannot afford higher borrowing costs. Photo: AFP
Indebted US consumers cannot afford higher borrowing costs. Photo: AFP
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.