It’s Been ‘Risk On, Risk Off’ for Fixed-Income Investors During Volatility
November 19, 2018 at 13:37 PM EST
In a seminal cinematic moment, Mr. Miyagi of the “Karate Kid” instilled the building blocks of defense to his pupil Daniel LaRusso with the “wax on, wax off” movement. With the latest volatility roiling the capital markets, it appears fixed-income investors are assuming...