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R.I.P. ‘Everything Rally’?

By Bloomberg
20 July 2019   |   7:22 am
This week has seen the beginnings of duration risk, rather than credit risk, falling out of favor in the marketplace. It’s the bonds, not the corporates, that have been the issue. Some explain it as profit-taking, others point to the stronger-than-expected U.S. inflation data, and a few are flagging the possibility of a so-called reflation trade.

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