Is a 1990, massive hit for Jon Bon Jovi from the Young Guns soundtrack.
Indeed for stocks worldwide, this week was a blaze of glory, raking in a gain of US$1.3 trillion.
For BONDS though, it was a Different STORY.
READ Below :
More than $1 trillion was wiped off the value of bonds around the world this week as U.S. President-elect Donald Trump’s policies are seen boosting spending and quickening inflation.
The capitalization of a global bond-market index slid by $450 billion Thursday, a fourth day of declines that pushed the week’s total above $1 trillion for only the second time in two decades, Bank of America Merrill Lynch data show.
Global stocks gained $1.3 trillion in the same period. Yields on U.S. 30-year bonds, which are more sensitive than shorter maturities to the outlook for inflation, jumped the most this week since January 2009.
