Martin Wolf: It takes no imagination to see bond yields jumping massively

Martin Wolf on the latest market turmoil
The FT’s Martin Wolf about the latest tremor in markets and why it’s a healthy event.
"The US 30-year conventional bond still yields a mere 3.1 per cent. Italy’s 30-year bond yields much the same, while Germany’s yield 1.4 per cent. It takes no imagination to visualise these yields

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