Rising U.S. bond yields have shocked financial markets out of their low-volatility complacency. The fragile nature of last year’s Goldilocks-like environment of strong growth and easy-money central bank policies has been exposed. The result has been a correction in equity multiplies and credit spreads from historically lofty valuations. Expect more to come. The rules investors…
This article is available only to PBN Subscribers. To get unlimited access, please subscribe by following the link below.
Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.