BIS: Echoes of Greenspan's conundrum in bond markets

A paradox reminiscent of Alan Greenspan's "conundrum" in the 2000s is playing out these days as global financial conditions have become easier ever since the U.S. Federal Reserve began its gradual but persistent tightening of monetary policy two years ago, according to the Bank for International...
BIS: Echoes of Greenspan's conundrum in bond markets