Investors betting on a speedy global recovery have triggered a sell off in bonds that market watchers likened to the GameStop rally in reverse.
Speculative investors buying into positions in commodities and other assets outside of bonds was “sort of like GameStop” but in reverse, says money market expert Curve Securities’ Peter Sheahan.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
