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Is It Fair to Blame the Bond Market for Equity Market Rout?

Is It Fair to Blame the Bond Market for Equity Market Rout?

What Triggered the Stock Market Panic This Month? Since the onset of the current euphoric rise in stock prices after the US elections, the bond markets have remained somewhat muted. Until recently, the ten-year bond yields have been hovering near the 2.5% mark, around 20 basis points higher than the 2016 average of 2.3%.