The chief investment officer for Core Investments at AXA Inv
文 / 小金
2026-07-20 13:30:05
来源:亚金网
The chief investment officer for Core Investments at AXA Investment Managers under BNP Paribas Asset Management said inflation matters more for bond yields than fiscal considerations. Governments can try to limit issuance, but since the global financial crisis central banks have struggled to control inflation and monetary policy has been weakened. He added this does not downplay deficits and debt—profligate fiscal policy can still provoke bond vigilantes. If bond buyers are confident in preserving the real value of their holdings, high levels of government bond supply will be easier to absorb.
