The market narrative of ‘don’t worry, be happy’ contrasts with stretched equity valuations. Photo: K. Y. Cheng
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Opinion: Mysterious trends in the bond market could be warning of trouble

There’s an alternative market narrative to the current blissful state of mind derived from sinking global bond yields and low volatility

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The market narrative of ‘don’t worry, be happy’ contrasts with stretched equity valuations. Photo: K. Y. Cheng
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