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’

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