Jump in bond rates a desirable normalisation after a panic
Jun 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The jump in bond rates in the US in the past week and the related rise in home lending rates, has prompted debate on the impact of the rise in US government debt. A recent panel discussion, which included historian Niall Ferguson and Nobel Laureate Paul Krugman, has been extended to the Financial Times and today, the FT's chief economics commentator Martin Wolf, says the jump in bond rates is a desirable normalisation after a panic.