History teaches that the solutions to debt deflation are inflation, confiscation, endemic low growth or war. Will further stimulus from the fiscal side delay the full extent of the deflationary output gap? As part of a balanced portfolio, are long-term Treasury bonds still a valuable holding as the path to 0% remains a probable scenario? And what are the risks of high yield and investment-grade at this time?
Pilar Gomez-Bravo, director of fixed income – Europe, MFS
Moderator: Laurence Parker-Brown, content producer, Conexus Financial