Bloomberg editor, John Authers discusses the bond markets and the falling yield prices, and references Harry Colvin from Longview.
"So why the spasm of doubt? One important factor, identified by Harry Colvin of Longview Economics Ltd. in London, is simple overconfidence. Markets tend to overshoot, and by late March, the betting on yields heading beyond 2% was excessively certain. In such circumstances, the “short bonds” trade became overcrowded."
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