US Bond Market Week in Review: The Global Savings Glut is Alive and Well

     Over the last few weeks, 2 central bankers have argued the “global savings glut” is a primary reason for low interest rates.  In a speech on October 17th, Fed President Fisher commented: Let me move now to the second major development on my list. In addition to its effects on labor force growth, the aging of the population is likely to boost aggregate household saving. This increase is because the ranks of those approaching retirement in the United States (and in other advanced economies) are growing, and that group typically has above-average saving rates.9 One recent study by Federal…
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Source: XE news feed
US Bond Market Week in Review: The Global Savings Glut is Alive and Well