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Mar 05 2021

Reflation Trade Or Real-Yield Tantrum?

  • Mar 5, 2021

The market focus has started to shift from a reflation trade to a real-yield tantrum. We compare the latest real-yield tantrum with four prior episodes where rate increases were driven by higher real yields, while breakeven rates were flat to lower: 2005, 2013, 2015, and 2018.


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About The Author

Chun Wang / Sr. Research Analyst & Co-Portfolio Manager