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Central banks have intervened heavily in the bond markets, bringing yields down to historic lows.
IWMI reckons that some three-quarters of the extra food the world needs could be provided simply by bringing yields in poor countries closer to those of rich ones.
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Since then, government measures to curb price rises have helped bring yields down.
Italian and Spanish lenders used the funds to buy their governments' bonds, helping bring yields down to more manageable levels.
The ECB has not specified yield caps but it is determined to bring yields down from levels that reflect fears of a euro-zone break-up.
This would mean if the yield looked like it would break through that level, the ECB would start buying bonds to push prices higher and bring yields back down.
Investors who piled into gold at the last peak in 1980 saw the price fall by two-thirds in the 20 years that followed.The long bull market in financial assets that brought yields down was due in part to robust fundamentals steady economic growth and rising profits—and in part to sentiment.
The statement helped bring yields on 10-year Greek government bonds down from their peak for the day, to 7.35 percent, but it was not enough to turn around the mood of pessimism that contributed to a further fall in Greek and other European stocks.
The "bond rally of a lifetime," which I identified in 1981 when long Treasurys yielded 14.7%, has brought yields to 5.5% and should further push them to my long-held target of 3%.
In fact, doing a random sampling of 30 popular songs brought yielded 28 iLike Onebox results, and only 2 Lala results.
According to a recent University of Michigan study, merely bringing international yields up to today's organic levels could increase the world's food supply by 50percentt.
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