It’s the weekly bond edition of What the FICC?
I thought it was odd bonds didn’t react to last week’s rate hike. Regardless, the lack of volatility represents a positive development for risk assets, especially stocks.
Check it out!
Remember when bonds were a haven for risk-averse investors? Or when they provided some sense of security with the classic 60/40 portfolio?
Those were good times, because less volatility across the bond market benefits bonds and stocks.
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