Bond yield minus growth gap widens between U.S. and Europe, Stefan Schubert notes

Bond yield minus growth gap widens between U.S. and Europe, Stefan Schubert notes
U.S. bond metric diverges from Europe

Stefan Schubert points out that using bond yields minus nominal growth as a metric highlights a growing divergence between the U.S. and European countries such as France, Italy, and Britain.

He observes that this difference is greater than recent reporting may have suggested.

Schubert has previously examined relative value in government bond markets. In March, he noted that the Germany-France bond spread remained below 2012 levels. At that time, spreads across major European markets were described as generally low compared to earlier crises.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.