Brace for Bond Crash, 8% Mortgage Rates, More Bank Trouble: Expert
The US bond market is on the verge of a meltdown that will send government debt costs spiraling and lift benchmark mortgage rates to 8%, according to one expert.
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The US bond market is on the verge of a meltdown that will send government debt costs spiraling and lift benchmark mortgage rates to 8%, according to one expert.
Indicators across asset classes - from bond and stock volatility to credit spreads - signal heightened market uncertainty.
A sustained decline in the MOVE index of future bond volatility is supporting the stock market's optimism over falling interest-rate uncertainty.
But experts say bond markets can move beyond 2022 woes.
UK's economic decline is turning into a crises, threatening to expose the fragility of global efforts to crush inflation