‘Markets are fake’: $ 2 trillion in pension funds avoid bond rout
(Bloomberg) – As interest rate nervousness accelerated the collapse of the world’s largest bond market, Sam Sicilia barely blinked. “The markets are wrong” about inflation expectations, said Sicilia, investment director of the AU $ 56 billion ($ 43 billion) host. -Pty Plus Pension Fund in Melbourne. “Deflationary forces are more important. Interest rates will effectively stay at zero. As governments around the world still add billions of dollars in stimulus to get out of the pandemic, pension fund managers trying to discern the long-term effects are asking the question: will inflation she make a comeback? If that is the case, more more than $ 46 trillion in global pension assets would be affected as central …
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