World bond markets face several near-term challenges, which will create dull investment conditions n...
World bond markets face several near-term challenges, which will create dull investment conditions now but will provide a buying opportunity for those able to take a less immediate view. The key issue is the development of the US economy. Sustained growth is forcing forecasters to raise their expectations for the pace of expansion, with predictions of a 3% rise in activity in 2000 giving way to well over 4% - and even more than that in the first half. Growing activity elsewhere in the world has helped to keep conditions bubbling but the real source is the consumer who has dropped the sa...
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