The Wildest Elements of This Week's Global Meltdown in Markets
Five charts provide some perspective on the brutal sell-off across global financial markets.
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How do we put a remarkable week for markets into historical context?
On almost any basis, this was the most extreme sell-off in global stocks since the aftermath of the downgrade of U.S. sovereign debt in August 2011. Meanwhile, the rush into the safety of bonds was unprecedented: the 30-year bond yield has never been so low, while the 2-year yield has only ever been so far below the Federal Reserve’s benchmark overnight rate during the worst of the global financial crisis.