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2021-02-27

Bond vigilantes

The term was originally coined by former EF Hutton economist Edward Yardeni in the early 1980s to describe how bond sell-offs could force the hand of central banks or governments. 

The concept was later immortalised by James Carville, an aide to President Bill Clinton who in 1994 ruefully wished he could be reincarnated as the bond market so he could “intimidate everybody”.

For the past two decades there has been little sign of the vigilantes.


FT 26 February 2021


https://www.ft.com/content/542d6127-11e7-47ff-86cb-dd7bd974cda3



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