(Lack of) bond market volatility: “Calm Before the Craze” – Elliott Wave International
Today’s historic near zero interest rates can cause many to forget that rates can just as easily rise.
In 1981, for example, interest rates were around 20% for a while. Of course, that was also a historic extreme – except on the other side of the spectrum.
However, as you have probably observed, extremes in financial markets usually do not persist indefinitely. Throughout the remainder of the…
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