COLUMN-Tantrum without the taper :Mike Dolan
LONDON (Reuters) - If there’s no taper, why the tantrum? U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration A surge in government bond yields this month and related wobble in equities has markets harking back to 2013’s “taper tantrum” -- when the prospect of the Federal Reserve winding down its bond-buying nearly doubled 10-year U.S. Treasury yields in four months and briefly knocked world shares by 10%. This year’s moves, so far, are less than half that magnitude, and the tentative comparison runs further aground. Eight y...