TME Weekend: Tail risks

Dropping 5 weeks in a row

The value of global bonds drop another $400bn this week – the 5th weekly loss in a row.

Source: Bloomberg

Real swap rate reaches multi-year high

Source: Macrobond

Growth explains much of long-end repricing

Source: Goldman

Tail risk #1: is this debt level sustainable if yields stay high?

Source: Macrobond

Is it summer ‘08 or spring ‘12?

Source: Macrobond

Source: Macrobond

First concrete signal that corporates are seeing more ebb than flow

Overall positioning is down sharply

Source: Deutsche Bank

Discretionary unwind

Source: Deutsche Bank

Not impossible

Source: Tavi Costa