GIULIETTA TALEVI: Big money, cold shivers
It’s a tricky time for central banks worldwide as they juggle easing monetary policy to help fragile economies through the pandemic and a potential surge in prices
04 March 2021 - 08:00
I have to confess: the bond market gives me cold sweats.
Even if my life depended on it, I’m not sure I’d be able to properly explain the relationship between bond prices and yields, never mind the intricacies of the bond market itself — a truly colossal money pit where an almost unbelievable $128.3-trillion is traded daily...
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