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 "I'd say that a government's fear of rising yields is an important parameter in decision-making."

"CASSIUS
Why, man, he doth bestride the narrow world
Like a Colossus, and we petty men
Walk under his huge legs and peep about
To find ourselves dishonorable graves.
Men at some time are masters of their fates.
The fault, dear Brutus, is not in our stars
But in ourselves, that we are underlings."

Yields or at least a permanent change in yields are real. "market sentiments" on the other hand....

by IM on Mon Aug 25th, 2014 at 09:43:58 AM EST
[ Parent ]
Worth considering that it's part of the financial-media complex.

The main sources media turn to for analysis of government finances come from the financial industries - the "bond investors."

They are not all vigilantes, but they have a very biased view of what is good...

So this is soft power of the bond vigilantes, rather than hard power... but still power...?

by Metatone (metatone [a|t] gmail (dot) com) on Mon Aug 25th, 2014 at 06:04:03 PM EST
[ Parent ]

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