Investors across the safest bond markets have been rocked by some of the most dramatic swings on record, and there’s likely more turbulence in store given the risks out there.
Panicked trading and thin liquidity led to the outsized moves, as concern over US banks spread around the world in the past week, driving money into these havens. Policymaker interventions then helped ease nerves, battering bondholders with more volatility as yields went into reverse.
