The world’s most important measure of risk - the VIX index - is at elevated levels. It’s still not at full on crisis levels - like 1998, 2008 or 2020, but equity markets are clearly concerned. Yet, credit markets, which should be exquisitely sensitive to market disruptions, have barely moved. My new Forbes article explains why they aren’t worried and asks whether they should be:
The Bond Market Is Not Worried. Should It Be?
The Bond Market Is Not Worried. Should It Be?
The Bond Market Is Not Worried. Should It Be?
The world’s most important measure of risk - the VIX index - is at elevated levels. It’s still not at full on crisis levels - like 1998, 2008 or 2020, but equity markets are clearly concerned. Yet, credit markets, which should be exquisitely sensitive to market disruptions, have barely moved. My new Forbes article explains why they aren’t worried and asks whether they should be: