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SPTI - The Zero Rate Conundrum - Does It Really Make Sense?
SPDR® Portfolio Intermediate Term Treasury ETF
In this article we will discuss the longer-term outlook for global interest rates and in particular longer-dated bond yields (NYSE:TLT). The main purpose of this article is not to make any predictions over the short-term but serve as guidepost for potential shifts in deep secular trends that often define a specific market regime for many years.
If you had left planet earth in October last year returning about two months ago, and were only allowed to observe one set of financial market prices, that being global bond yields, you would be forgiven for