Market Pulse: Worrying Bubbles in Financial Markets

Like a crowded park on a weekend, bubbles are flying around in the financial market. But whereas popping soap bubbles is harmless fun, bursting market bubbles are sources of misery.

There is a political bubble surrounding US President Donald Trump. Its yardstick is the one-month US government bond yield. For years, this yield has sat around zero percent. Markets are certain that within one month, there will be no chances of a US government default

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