SocGen's Edwards: A recession might only be six months away

Similar to June 2007

Tom Eckett
clock • 2 min read

Société Générale's bearish strategist Albert Edwards has drawn stark comparisons between now and June 2007 when the bond market was selling off, oil prices were pushing up inflation and there was robust wage data.

Edwards (pictured) said he had not planned to put pen to paper this week however, cautioned "the ongoing rout in the US bond market demanded it". Although the recent bond market sell-off did not signal the end of the multi-decade bull market, the permabear warned the market was getting close to causing a downturn in equity markets. SocGen's Edwards: 10-year Treasury yields will fall to -1% in the next recession Earlier this week, two-year Treasury yields rose to their highest level since 2008, jumping to 2.816% while the 10-year went through the 3% barrier to reach 3.089%, the high...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot