Public Publication Content

Are bonds Giffen goods?

|

Giffen goods are inferior goods with upward sloping demand curves. We argue under certain conditions, bonds behave like Giffen goods. There is a limit as to how negative yields can fall before investors find substitutes whether that is equities, real assets, or digital assets.

Ned Davis Research | Fixed Income | Focus | Bi-Weekly

While you wait, explore additional NDR research and solutions.

Institutional Investors

Custom Research

Wealth Managers

Stock Selection

ETF Selection

HubSpot Form for Publications