The topsy-turvy world of bonds

While stockmarkets rallied over the summer, bond yields continued to send alarm signals.

Brandenburg Gate in Berlin
Germany’s ten-year Bunds yield a princely -0.58%
(Image credit: © iStock)

Stock and bond markets continue to send different signals. US Treasury bond yields plunged earlier this year as investors rushed into the traditional safe-haven asset. Bond yields move inversely to prices, so higher demand means higher bond prices and hence lower yields.

Yet while stocks rallied over the summer, bond yields continued to send alarm signals. The US ten-year Treasury yield, which started the year at about 1.8%, fell to 0.5% over August.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.