Global bond and equity markets contract by $5trn so far this year

In an unusual turn of events, both bond and equity universes have been on the decline this year. Bond markets have been dampened by rising US interest rates, with almost all fixed income benchmarks suffering losses. The Bloomberg Barclays Multiverse, the broadest bond market benchmark according to the FT, has seen its market capitalisation shrink by $1.34bn over the period. BofAML: Number of investors bearish on global growth at 10-year high Meanwhile, stock markets across the globe have also been suffering lately, with concerns over the global economy and lacklustre corporate e...