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"The measure of intelligence is the ability to change" -Albert Einstein
Source: Yasin Arafeh
While G7 claims can offer short-term tactical opportunities, soaring G7 debt levels at the the of high yields mean that the long-term risk-reward remains unattractive.
Source chart: Bloomberg
Over the next several weeks, governments from the US, UK and the eurozone will start flooding the market with bonds at a clip rarely seen before
Saddled with the kind of bloated deficits that were once unthinkable, these countries — along with Japan — will sell a net $2.1 trillion of new bonds to finance their 2024 spending plans, a 7% increase from last year, according to estimates from Bloomberg Intelligence.
FASTEST easing of Financial Conditions in HISTORY
Source: WinSmart, BofA
Total return bond analysis update
Source: Althea Spinozzi, Saxo, Bloomberg
Is Taiwan risk the biggest risk for the economy and financial markets in 2024? See below a scary chart by Bloomberg
Source: Bloomberg
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