Episode 44: Inflation & Interest - More Volatility to Come?
CFA UK
00:00
The Volatility of the Bond Market in 2022
The bond options market is pricing in a lot of volatility. The surfskew index suggests people are not that bearish on equities. Stocks have priced in higher interest rates, but they haven't priced lower earnings. Credit markets have priced higher risk rates, but hasn't priced higher default rates. We think this is going to change next year.
Transcript
Play full episode
