Bond rout spillover into equities looms with higher interest rates on the march
Time to test the market’s bet that stocks can withstand higher borrowing costs
Preeminent fixed-income investor Jeffrey Gundlach says the spike in bond yields is just getting started as manager at the world’s largest hedge fund, Ray Dalio, proclaims the end of the era of central-bank stimulus?
Forget geopolitical crisis on the Korean peninsula and the Middle East, or policy uncertainty in Washington. Higher borrowing costs and tapering of central bank bond purchases is the toughest test yet facing this year’s global stock rally, writes Bloomberg.