“Bond markets” – these words send shudders through most investors’ brains. Bond-market specialists are a breed apart: experts in something dry, mysterious and complex. Most private investors prefer not to go near them. Even professional investors become too wrapped up in their own markets to spare bonds more than a passing thought. But that’s a serious mistake. The bond market runs everything. Its workings may be obscure, but its movements determine everything that happens in other markets. The bond market is the pied piper, the rest of the world’s markets are merely the rats. And right now, with markets in turmoil, it’s a crucial time to check what tune the piper is playing. Bond markets: indicators of future trendsAnd bond markets – particularly the big daddy of them all, the US Treasury 10-year bond – are also good indicators of future trends. So forget chicken entrails, tea leaves and astrology charts: let’s grab some of those reams The most important thing to bear in mind is the idea of relativity. Right now, you’re travelling at over 1,000 miles an hour as the world spins, but it doesn’t feel like it. The reason it doesn’t feel like it is that the… Read full this story
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Is this the end of the bull market in bonds? have 247 words, post on moneyweek.com at July 10, 2006. This is cached page on Movie Breaking News. If you want remove this page, please contact us.