- This article compares the recent bond market sell-off versus the 2013 "taper tantrum".
- Both sell-offs were in part driven by markets re-calibrating expectations of less accommodative monetary policy.
- Now, of similar length, the two periods also had fairly similar asset class returns, offering an interesting historical parallel for forward-looking market participants.
- Comparing these two periods may offer some insights into thinking about the current place in the business cycle and whether the rate sell-off should begin to ease.
For further details see:
The 2021 Sell-Off Vs. The 2013 Taper Tantrum