Goldman Sachs Partner: Summer is over, market focus is on the "bond market storm," and the VIX (Volatility Index) has fallen to its lowest point during Trump's presidency.
The US bond market and stock market are telling two very different stories.
Global bond markets remained under pressure during the Labor Day holiday – the yield on Japanese 10-year government bonds rose to its highest level since 1996, and the yield on UK 30-year government bonds hit its highest point