Escaping to the beach during the month of August and what do you see? A sea of red. Not the sea where your children will take a swim, but the bond markets of the developed world.
After the financial crisis, central banks in most developed countries started to reduce rates. The idea was that low-interest rates would help consumers spend more as saving becomes less attractive and companies would start to borrow more and invest. The US and Germany, for example, have had a goo