
MM127: Why surging yields may break the financial system!
About this episode
- World's biggest bond market hits a wave of selling
- Global bonds at the mercy of Treasuries in an echo of 2020 debt sell-off
- Treasury-bond collapse ranks among the worst crashes in history
Bloomberg has reported losses on Treasury bonds with maturities of 10 years or more had notched 46% since March 2020, while the 30-year bond had plunged 53%.
Those losses are nearly in line with stock-market losses seen during the worst crashes of recent history — when equities slumped 49% after the dot-com bubble burst and 57% in the aftermath of 2008.
In this podcast episode, we attempt to step out of the hysteria, re-examine what caused this move and look at the effects it may have on US/European banks, debt markets, pension funds, and the private equity community.
If you have an interview or an assessment centre coming up then you MUST listen to this episode!
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