BIS quarterly report notes market sell-off and rebound

The Bank for International Settlements’ (BIS) quarterly report finds that markets have bounced back in general from the sell-off of late February and early March. The report, co-authored by Peter Hördahl and Patrick McGuire, found that valuations in many asset classes headed for new highs after the correction. Indeed, government bond yields in major industrialised economies rose between late February and the beginning of June. Compared with US corporate spreads, emerging market spreads of

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