Why ultra low government bond yields should 'give pause for thought'

The consequence of this has been something of a feeding frenzy as investors have rushed to buy higher yielding credit and bond proxy/structural growth equity assets.  Wealth managers dump UK assets in favour of global bond funds However, the fact government bond yields are being pushed down aggressively should give pause for thought. If the US economy cannot bear interest rates of 2.5% despite all the fiscal stimulus that they have undertaken, the fiscally profligate federal budget and a jobs market, which is exceptionally tight, then clearly debt levels are too high.  However, ...