We’re still in a low rates, yields world

HSBC's Major said the bigger picture is still one of “lower for longer” on policy and yields, even if a return to quantitative easing or the “zero lower bound” is highly unlikely. — Reuters

IF you think this time is different, and the post-2008 world of low interest rates and bond yields is over, think again.

Markets may have spent the last two years grappling with the highest inflation and rates in decades, unleashed by the pandemic and Russia’s invasion of Ukraine, but the underlying picture is remarkably stable.