Tag Archives:

Bond Vigilantes

Greece – the next country getting roughed up by the Bond Vigilantes

The original ‘Bond Vigilantes’ were the bond investors who reacted to authorities’ loose monetary or fiscal policies by forcing sovereign bond yields higher, thus punishing central banks or governments by increasing the cost of issuing further debt.  Right now, the Bond Vigilantes are hunting around the world like a pack of wolves. Japan was the prey a few weeks ago (see recent blog comment her…

Read the article