It's Not Just Italy. Shock Moves Jolt All-Or-Nothing Markets
- Binary behavior increasingly on show as investors get ‘manic’
- Traders fret spillover as rate hikes expose ‘mal-investments’
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What do Toys “R” Us bonds, the populist threat to the European Union, and Turkish external debt have in common?
All were tolerated by market players until, quite suddenly, they weren’t.