Bondholders Risk $2.6 Trillion Hit on Even a Modest Yield Rise
It’s a result of investors’ exposure to duration, a key gauge of risk for bondholders that’s near record highs.
Even a half-percentage point jump in yields from here, to roughly the pre-pandemic average in 2019, would be enough to ravage funds of all stripes.
It’s a threat with implications across asset classes, from emerging markets to high-flying tech shares.
Bloomberg 23 October 2021
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