FYI: Global bonds are hitting fresh milestones of misery.
Strong U.S. data, a tighter-than-expected monetary trajectory, rising commodity prices and brewing wage pressures are conspiring to push Treasury yields to cycle-highs, hitting money managers of all stripes.
The value of the Bloomberg Barclays Multiverse Index, which captures investment-grade and high-yield securities around the world, slumped by $916 billion last week, the most since the aftermath of Donald Trump’s election victory in November 2016.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-08/bonds-in-916-billion-wipeout-spark-fear-of-worst-run-since-1976?srnd=premium
