How changing markets require investors to think and act differently
How changing markets require investors to think and act differently
Bond market volatility is set to continue as markets prepare for life without central bank support. After more than a decade of stimulus measures, central banks are withdrawing liquidity and hiking interest rates in response to multi‑decade high inflation. Given that aggressive actions of central banks drove yields down so low in the first place, their withdrawal is likely to be highly disruptive—and will ultimately have a much bigger impact on markets than economic growth forecasts.