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2017-09-27

Investors are mistaken if they think yields will be able to stay low for much longer

Bond yields could react more forcefully, if and when market participants upgrade their expectations concerning future growth and inflation. 

Once investors wake up to the return of the economic cycle, their expectations about interest rates and the course of monetary policy will also change. 

Michael Heise, chief economist at Allianz, FT 26 September 2017

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