Daniel Alpert, managing partner at Westwood Capital, argues that the global interest rate market will “re-animate to the low growth, lack of demand, oversupply kind of market we’ve had in the macro world for a long time,” reports Aaron Task for Yahoo! Finance.
Problems in emerging markets and the related issue of China’s slow economy will weigh on global growth. Consequently, the deflationary pressures could keep interest rates down, even if the Fed exited quantitative easing, Alpert said.
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Tom Lydon’s clients own shares of TLT. Max Chen contributed to this article.