An investor consensus that took months to build has been coming apart

An investor consensus that took months to build, namely that robust economic growth and elevated inflation would bring about substantially higher interest rates, has been coming apart, and the pain for those caught in that trade has heightened with moves in the past couple of days.

FT 8 July 2021

https://www.ft.com/content/23e57d39-193f-4fcb-b896-8dc3960ccb8d


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