Trouble for stocks has often been a boon to bonds in recent years. But this weekās turmoil seems unlikely to have the same outcome. The economic backdrop is simply too bond-unfriendly.
Even the Bank of England, which faces uncertainty around the impact of Brexit on the U.K. economy, Thursday said it could raise rates faster than it had anticipated due to the strength of global growth. That pushed 10-year U.K. gilt yields up to their highest in nearly two years.
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