Business
Forget the ASX 200! Another market crashed this week
The S&P/ASX 200 Index (ASX: XJO) did not have a great week this week. From Monday to Friday, the ASX 200 went backwards by roughly 1.5%.
That was pretty much caused by more than a 2% loss on Friday alone as investors responded to a sharp sell-off on Wall Street on Thursday night (our time). The ASX 200 has now wiped out all of its year-to-date gains at these levels, and then some.
But another market had an even worse week than the Aussie share market. And it might have more of an impact on the world of investing that you may realise.
According to reporting in the Australian Financial Review (AFR) last week, the bond markets had “a bloodbath”. The report called it “one of the worst bloodbaths long-duration bond lovers have…
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