The markets were consolidating in March. The global equity index, the spreads for credit risk, and the yields of risk-free government bonds have been going sideways. Before that, the risky asset classes had recorded remarkable price increases, while risk-free bonds had incurred losses. Has the so-called reflation trade, i.e. the positioning towards rising nominal economic […]
![Reflation trade comes to an end Reflation trade comes to an end](https://blog.en.erste-am.com/wp-content/uploads/2017/04/iStock-498904105-370x210.jpg)