Posted To: MBS Commentary
One of my favorite recurring observations about financial markets is that the classic concept of "stocks vs bonds" doesn't always work. That's the one where one side of the stock/bond equation explains its movement by citing big moves in the other. Rarely was this more comical than in recent months when stock analysts blamed rising bond yields essentially any time stocks moved lower--just never you mind that bond yields spiked high/faster in late 2013 without any meaningful stock drama. This time around, bonds are indeed at least somewhat interested in what's going on with stocks. In fact, bonds are typically always willing to rally if stocks are selling-off quickly enough. With major equities indices crossing below some key technical thresholds today (and quickly approaching...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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