1. Steady as she goes.
- Subjects
- *
RATE of return on government securities , *INTEREST rates , *PRICE inflation , *PUBLIC debts , *DEFAULT (Finance) - Abstract
The article shows the trend of decline in 10-year government bond yields since 1311. It shows the percentage of decline in 10-year government bond yields in the U.S., Great Britain and Germany from 2015-2021. It looks back at the decline in long-term yields relative to interest rates and inflation dating back to the 1300s and identifies key points in history when the path of interest rates changed including the Black Death pandemic and a wave of sovereign debt defaults in the late 1550s.
- Published
- 2022