Real Rates Aren’t Your Real Friends

Despite a recovery in the past couple of days, global stocks are having their worst month of 2023.

Longer-term bonds, gold futures and shares in real-estate investment trusts have all taken downward turns.

So-called real rates—borrowing costs minus expected inflation—keep going up. One common gauge of real rates is the yield on inflation-protected government bonds. 

In the U.S., it is now 2.3%, close to a 14-year high. 

Many investors are now dreading the possibility of policy makers at Jackson Hole implicitly raising their estimate of r-star. 

Wall Street Journal 24 August 2023

https://www.wsj.com/finance/investing/real-rates-arent-your-real-friends-87d3c336


Inlägg med etikett realräntor

https://englundmacro.blogspot.com/search/label/realr%C3%A4ntor


Inlägg med etikett Star

https://englundmacro.blogspot.com/search/label/Star

 


Kommentarer

Populära inlägg i den här bloggen

Det svänger fort på räntemarknaden

Fjolåret blev strålande för flera av de största fondbolagen

Börsen i Stockholm och New York 4-5 augusti 2024