Bond Sell-off Has A Long Way To Go Before Investors Rebalance
Last week was a very volatile week for the financial markets. After it had emerged that Donald Trump had won the race for the White House, markets crashed immediately in after-hours trading, but then by the time the US markets opened, all the major indexes were back in positive territory. However, the bond market did not escape the slaughter and even today yields continue to rise.
Also see JHL Capital - How a small rise in rates could cause a $30 Trillion bond crash
According to a report from JP Morgan on the market’s flows and liquidity last week, the sharp rise in bond yields inflicted $1.2 trillion of...
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