This thought paper explores Prudential Fixed Income's view that rates will stay ultra-low. Not only because inflation is low, but also because of the high levels of debt across the world's developed economies, which in turn have depressed growth, and the equilibrium level of rates. With debt levels likely to stay high for the foreseeable future, ultra-low rates, too, are likely to be with us for the foreseeable future.
Watch Robert Tipp on CNBC's Power Lunch.
16 December 2015
The Totally Mad World of Low Rates
Other articles in Research: