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‘Whiplashed’ Traders Confront Another Pivotal Week
"Whiplash," read the title of one bank's weekly compendium of global rates research.
It's an apt, if overused, description. It's also euphemistic. The rates complex is perilous. Bonds are a veritable minefield. Your safe-haven asset is now the proximate source of portfolio volatility. As one popular strategist put it last week, fixed income is a "disaster." Those looking for solace aren't likely to find it in the new week. There's no rest for the weary, after all.
US CPI is on deck, which mean
