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When euphoria may turn to despair

The start of 2018 has caught many investors off-guard, with the 10-year yield for Treasuries on pace for its steepest monthly increase since November 2016

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Contributing to the equity-market exuberance last year is that Treasury yields refused to break higher, allowing companies to borrow cheaply and forcing investors to seek out riskier assets to meet return objectives.

New York 

IT'S getting harder and harder to quarantine the sell-off in Treasuries from equities and corporate bonds.

The benchmark 10-year US yield cracked 2.7 per cent on Monday, rising to a point many forecasters weren't expecting until the final months of 2018. For over a year,

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