So yield curves are steepening at long last. This is great news as banks will be able to generate more capital, which will enable them to rebuild capital organically, recognise those pesky non-performing loans and even - dare I say it - start to inject capital back into the global economy.
But how long will the government bond sell-off last? Will US President Donald Trump be able to deliver on his reflation promises swiftly enough such that near-term disappointment in the growth trajectory...
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