Bond Market Turbulence and Shifting Strategies

This chapter examines the volatility and liquidity challenges in the bond markets, drawing parallels to historical crises while emphasizing a regime shift affecting investor confidence. It discusses the evolving strategies of government pension funds and hedge funds in response to geopolitical tensions and asset value fluctuations, highlighting the search for safe havens. The conversation also navigates the implications of rising yields and the role of banks in an increasingly stressed market environment.