Negative Real Yield Is Not a Constraint, Can Go Lower: HSBC’s Major

The video discusses theories and forecasts related to US 10-year yields, emphasizing the insignificance of real yields and the potential for nominal yields to be influenced by central bank policies. It highlights the persistence of low yields and their implications for markets, including credit and equities. The discussion also covers the practical and mathematical aspects of yield analysis, suggesting that low yields may persist longer than expected.

What is the significance of real yield in economic analysis?

How does the speaker view the relationship between nominal yield and inflation?

What does the speaker suggest about the future of US yields?

What are the implications of a central bank controlling nominal yields according to the discussion?

What does the speaker mean by 'low for longer' in the context of yields?

In what ways does the speaker believe negative real yields can impact the bond market?

How does the speaker differentiate between high yield and investment grade credit?