With peculiar consequences.
Wolf Richter on “This Week in Money.”
Did it forget how the US government hounded Standard & Poor’s?
The other option: too ugly to even imagine.
“We’re going to protect our people”: Governor Rosselló. Hedge funds reel.
There’s now a special math for NIRP refugees in Europe.
A toxic trifecta for bondholders.
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….”
Hence the bloodletting in what’s considered one of the most conservative investments in the world.
The “risk free” bonds have bloodied investors.