The Bond Paradox: Why Global Yields Rose and Currencies Declined

The Bond Paradox: Why Global Yields Rose and Currencies Declined

In the early days of September, global financial markets experienced a significant and unsettling repricing of government debt. As long-term government bond yields soared across the United Kingdom, the Eurozone, and the United States, the conventional relationship between yields and currency strength appeared to break down. This event was not a sign of economic expansion […]