Long-term value in Government bonds

The prospects for 2000 will depend on the performance of the global economy, with the authorities keeping a vigilant eye on inflationary pressures. Conditions are very different from a year ago, with economic growth strong and inflationary pressures rising. The world's government bond markets reflect this improving economic performance, and bond yields have climbed steadily higher. Action by central bankers to date has been one of pre-emptive rate hikes to ensure that inflation doesn't gain a foothold in the global economy. Many forces are exerting downward pressure on prices: technologic...