Worse than the 1994 “Bond Massacre,” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”
Last time the index declined was in November 2009.
Even a Fed dove! This could get interesting.
The “death of the dollar” will have to be rescheduled.
7th week of US Government debt “carnage” continues unabated.
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.
Traders got even more nervous on Friday, after having been twitchy all Thursday, and they alleviated this condition by dumping government bonds.
Stalled Economy Performs Wealth Miracle, reports the Fed.
The financialization of rents.
And it’s now hitting home.