Behind the bond chaos lies a deeper stress — between fiscal extra, inflation, and a fragile perception that the US greenback will go robust or not. Is gold the reply, or simply one other phantasm?
Disclosure: I exploit GPT search to gather details. The complete article is drafted by me.
Final month’s U.S. Treasury sell-off despatched shockwaves by means of international finance, overturning standard market knowledge and leaving seasoned buyers questioning foundational portfolio methods. As yields spiked violently upward, the supposedly unshakeable bedrock of the monetary system trembled, wiping out months of painstaking beneficial properties in simply 5 buying and selling periods, reminding bond buyers of the outdated market adage: “earnings accrue slowly, losses come rapidly.”
What spooked the world’s deepest and most liquid market? And what does it inform us about the way forward for international finance?
April’s Treasury rout wasn’t simply one other market hiccup. It was a warning shot that calls for our consideration.
https://jinlow.substack.com/p/is-gold-the-only-safe-haven-left
