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Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

  • Writer's pictureRobert Lloyd, CFA

Inflation Series: Part 4 The bond market says the low inflation days are over

For most of the 1980-2020 period, interest rates have fallen. Sure, there were the occasional pullbacks in this trend, but overall rates have fallen and inflation has been quiet. No longer. Inflation is much higher than desired and the Fed has been dragging its feet to fix the problem.

Naturally, the bond market gets a vote and the current vote is DOWN. Bond investors are voting with their feet and refusing to buy bonds unless the yield is higher. This is inflationary because it makes debt more expensive forcing everyone's cost of business to go higher. This is true for government as well as private organizations.

If you'd like to discuss how to manage through this environment, please reach out to us

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.

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