The market volatility which started on Friday of last week in the bond market and quickly spread to equity markets has sparked much chatter and speculation in the financial world. As the turbulence continued into this week, market commentators began to draw comparisons to the 2013 Taper Tantrum, which sent shockwaves through the financial world and delayed the global economic recovery. The Taper Tantrum and last week’s moves were both sparked by speculation that the Federal Reserve may increase its key interest rate faster than expected. If we assume that the Fed will, at some point in time increase interest…
The 2013 Taper Tantrum: Deja vu?
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