Today, for the first time since the 2008 financial crisis, the bond-market warning light suddenly flashed red.
Bloomberg reports, the bond-market has been a stable green for years-until today. The last time the red alert was triggered, it was followed by the biggest bond sell-off since the financial crisis.
Why does the bond-market alert matter to us outside the financial world?
Well, let’s not forget the financial crisis of 2008 hit the average person the hardest and none of us saw it coming.
While this light is not signalling the start of another financial crisis, it is important to pay attention to warning signs and economic disruptions.
After all, the bond-market is of particular interest as shoddy mortgage bonds were the root cause of the financial crash.
Bond-market fluctuations pose a serious risk to the health of the London Stock Exchange and Canary Wharf banks. Which, in turn, is a risk to us Londoners.
Words: Monica Young
Photo: Pixabay
As the cost of living in the UK continues to rise, renters are facing an…
According to various fashion editors, critics and publications, 2023 will be a mesh between continuing…
The biggest girl group in the world shut down the O2 arena in December. The…
With many paintings in danger of damage, are museums protecting the longevity of their valuables?…
Chelsea F.C. have gotten off to a good start since Christmas and haven't lost a…
Tottenham Hotspur lost their first game since Christmas in a 2-0 defeat to Aston Villa…