Quantitative

June was not a great month to be a fund manager.Global stocks fell 8.8 per cent, the second-biggest drop in a decade. Bonds, meanwhile, are on track for the worst year since 1865.The bludgeoning came from several directions — first the…

This is now moving fast. By Wolf Richter for WOLF STREET. The two-year Treasury yield started rising in late September, from about 0.23%, and ended the year at 0.73%. In the five trading days since then, it jumped to 0.87%, the…