Chanticleer
What looked like a standard and orderly sell-off – overpriced equity markets reacting to an economic growth shock or the prospect of a US recession – is starting to look leaky.
We love getting caught up in equity markets, but the most important action for the underlying financial system is in bonds.
Bonds are where governments are funded. Bonds are where central banks play. Bonds are where we get risk-free rates used to price all other assets.
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Original URL: https://www.afr.com/chanticleer/the-day-a-market-rout-turned-into-something-scarier-for-investors-20250409-p5lqiy
