Global market volatility

Opinion Focus: the markets have faced increasing turbulence this week, as expectation grows of a rise in US interest rates. 

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Sliding bond and equity prices are not yet a reason for distress

At least that is what the real economy is set to do

With term premia now back to ‘normal’ bonds look better underpinned

China has stopped trying to hold its currency down in the wake of Trump trade tensions

The White House is slowly discovering the limitations of US policy

Non-financial leverage is higher today than it was before the crisis

How should investors and policymakers react to this week’s sudden market volatility?

Investors should work to a long timescale rather than the frenetic fast-twitch world