The bond market could be recreating the massacre of 1994 (TLT, TLO, UST)
Andy Kiersz/Business Insider
Investors could be setting up a repeat of 1994's bond-market chaos, according to Deutsche Bank's Torsten Sløk.
From January to September of that year, the yield on the long 30-year bond spiked about 200 basis points, costing investors up to $1 trillion in losses. Fortune magazine called it "the great bond massacre."
The Federal Reserve was thought to be the major catalyst, as it raised interest rates faster than markets thought was necessary. That year... Читать дальше...