Published On: Fri, May 26th, 2017

Your morphing savings glut, with bonus demand-supply imbalances

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The location of the world’s savings glut has already changed — less oil, more Germany and East Asia. But what’s also changed is that, per BofAML, said glut is no longer getting recycled into fixed income with the same ferocity it used to be: And that, they say, will have consequences: As Chart 3 highlights… View Article

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