Comment on Bond Markets: Fasten Your Seatbelts, Possible Turbulence Ahead

Bond Markets: Fasten Your Seatbelts, Possible Turbulence Ahead

This year’s bond market rally has pushed yields lower, but still well off 2012 lows. The more interesting effect of the rally has been the collapse of bond market volatility. Yet given where yields and volatility are today, bond markets do not seem to be anticipating some key inflection points on the horizon.

 

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