The Not So Orderly Market Rotation Amid Rising Bond Yields
Well, it happened that fast: though general stock market indexes have not dramatically changed, some huge market disruption has been indeed on going. One can say we are now in a disorderly market rotation.
Big disruptions: long term bonds and high flying tech stocks
Let’s first take a look at some of the recent damages:
Virtually, other than floating rate bonds, all bond segments had a negative return in the last 4 weeks (as of 3/5/2021). See Fixed Income Asset Trend table on 360° Market Overview for more details:
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