Here’s one sign in bonds that the U.S. is poised for a sharp economic slowdown in 2019
April 15, 2019 at 13:17 PM EDT
Stock-market bulls are mistaken if they expect the Federal Reserve’s recent monetary-policy pivot, and the subsequent retreat in inflation-adjusted debt yields, or real yields, will juice growth later in 2019 following a poor first-quarter, says Capital Economics’s Michael Pearce.