Global Asset Returns Have Rarely Been More Correlated

As the Federal Reserve begins to wind down its balance sheet, and normalize monetary policy, the world is watching to see if the world’s leading central bank can successfully untangle itself from the largest monetary policy experiment in history. And as Janet Yellen begins normalization, “global asset returns and global asset implied vols have rarely been more correlated with changes in the US 10Y nominal rate” according to Bank of America’s Global Equity Derivatives research team. [klarman] Investing – Correlation Positive correlation between industrial commodity prices and… Syndicated Loans, Infrastructure,Low Correlation Are Hot Returns… Global Asset Returns Have Almost Never…