Economics
BlackRock, Vanguard Say Bond Market's Got This Trade All Wrong
- Inflation in the U.S. bound to accelerate in matter of months
- Bond traders are too complacent and TIPS ‘incredibly cheap’
Kevin Logan, chief U.S. economist at HSBC Securities USA Inc., talks about the lack of inflation in the U.S. economy as he sees it remaining low 'for some time.' He speaks on 'Bloomberg Surveillance.' (Source: Bloomberg)
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Two titans of the bond market are still clinging to the idea that inflation is going to make a comeback.
Time and again, weak economic data have made the market’s inflationistas -- many of whom were beguiled by President Donald Trump’s pro-growth promises -- look a little foolish.