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No more taper tantrums

Markets are reacting to a possible bottoming out of US inflation and that the tightening monetary cycle will end significantly lower than usual

The one to watch: Potential buyers at luxury car marque Lincoln's latest launch in Beijing last month. China's scale and influence on other Asian as well as commodities-driven economies, such as Brazil and Australia, impact the global recovery significantly. - PHOTO: REUTERS

ARE we experiencing a new conundrum in financial, and especially bond markets? While common wisdom at the turn of this year suggested that both equities and long-term yields should trade higher, developed stock markets have so far stalled while commodities or India's and Indonesia's (two out of...

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