Government bond yields down: thus the markets seem to be preparing for a slowdown in the “exit strategy” of central banks
by Maximilian Cellino
The South African variant is scary, black Friday for the stock exchanges
It is now like a conditioned reflex: in moments of greatest uncertainty and potential difficulty, one looks instinctively at the central banks and what they can do to avoid serious economic consequences and consequently clear the clouds that are gathering threateningly on the markets. The pattern was repeated on time also on Friday 26 November, when the threat of the new Covid variant arose, and certain immediate reactions from investors confirm this. Following the collapse of the stock exchanges and the …
