J AMES MADDISON was sure he had scored. As his free kick arced over the wall of Arsenal players, a goal seemed certain. Somehow Arsenal's goalkeeper, Aaron Ramsdale, got a hand to the ball and kept it out. "Best save I've seen for years," said Peter Schmeichel, a former goalie. Others noted a crucial detail. Before the ball was struck, Mr Ramsdale was on his toes, his weight distributed evenly, ready to jump in either direction. By keeping perfectly balanced, he made a wonder-save possible. Balance (or the lack of it) matters in financial markets, just as in football. A market in which bets are slanted in one direction is vulnerable to a big swing in prices the opposite way. Where positions are lopsided traders can be wrong-footed by even a tiny change in sentiment or in the news. Some of the recent volatility in global bond markets can be put down to skewed positioning. When liquidity is patchy, as in today's Treasury market, the results can be some surprisingly large shifts in bond yields. To understand all this, imagine you are pondering a trade. You notice that covid-19 infections are rising in Europe and that governments are imposing partial… Read full this story
- Vikings stadium bond sale delayed by legal challenge
- Rostering Bonds just wasn’t worth it in ’08
- Assessing a potential Barry Bonds grievance
- Marketing force: Manziel gushes over LeBron as stars align
- Marin having trouble coming up with $1M cash bond
- Indicted ex-Brazil federation president Marin struggling for $1M bond
- Yankees weigh in on A-Rod’s pursuit of Bonds’ career HR record
- A-Rod 75 home runs from matching Bonds' career record
- Webb posts 11 luxury watches, 3 cars to secure $10M bond
- Indicted FIFA official Webb securing bond with luxury watches, cars
- Ex-FIFA VP Jeffrey Webb posts luxury watches as bond, pleads not guilty to corruption charges
- What does future hold for Blue Jackets marketing?
Why the bond market has become jumpier have 313 words, post on www.economist.com at November 27, 2021. This is cached page on Konitono. If you want remove this page, please contact us.