Bond sell-off is a foretaste of things to come
Government debt simply cannot provide the kind of safe harbour it once did
In short, stronger economic growth sparked by unprecedented stimulus or the return of inflation, will eventually lead to a pullback in liquidity support from central banks.
Thushka Maharaj FT 9 March 2021
The writer is global multi-asset strategist at JPMorgan Asset Management
https://www.ft.com/content/c1e55398-2cbc-4172-86e3-bc53047f192d
US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.
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