The Great Decoupling
Oct 5, 2023
• 10
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What Happens When Bonds Have a High Emissions Schedule
Traditional markets have undeniably faced a whirlwind of volatility over the past week. The bond market continued its recent trajectory with the long end of the yield curve soaring to new multi-decade highs. At one juncture, the 30-year yield even brushed against the 5% mark, a development that has rattled both bond and equity investors.
Concurrently, the DXY index maintained its bullish run. This robust performance is underpinned by a combination of factors: strong domestic economic data, a Federal Reserve seemingly committed to a ...