Markets are returning to the ‘old normal’ of higher bond yields – what this means for investors
This year, bonds have been the main source of discomfort for their owners and the main cause of the pain the Federal Reserve believes the economy and markets must endure to defeat inflation. The unsettling impact of Treasury yields relentlessly climbing from all-time lows to 14-year highs has been as clear and explosive as nitroglycerin: …
