UBS: Bond yields will head higher
The bond rout, which started at the end of last week and has continued into this week has sent shockwaves through the global financial markets.
After months of steadily falling yields, and rising stock prices, volatility has returned with a bang this week. The S&P 500 fell by more than 2.5% on Friday, before rallying just under 1.5% on Monday. The real action has been playing out in the bond markets.
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