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IPFS News Link • Stock Market

Chaos, Carnage and Madness!

• Marquee Finance by Sagar Substack

"The damage in bonds has been more severe and more sustained than for equities, and you can't help wondering where the real damage is. You can't have this much value destruction in bonds without there being some stress somewhere"- Jim Reid, Deutsche Bank.

In what could be termed the mother of all the bubbles, the duration sell-off in the bond markets has now reached unprecedented levels. As per the data:

the drawdown in bonds with an average duration of around 25 years (UST) has now surpassed the drawdown that equities (S&P 500) witnessed during the GFC 2007.