Risk Reduction
Flash Note;
The UK 10-year bond yield has made a new high, above the level last seen in 2008. This is happening around the world, but is most profoundly felt by the UK.
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10-Year Bond Yields
Source: Bloomberg
This isn’t a good thing, and warns us that further trouble awaits, as this energy crisis morphs into a financial crisis. US, UK, European and other major stockmarkets have made new lows since this crisis began. Higher yields are bad for equities.
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Discussion in the ATmosphere