Always respect the bond market

Always respect the bond market
(Image: Getty)
Simon Robertson
Every decade or so, the bond market tends to check you and show you who is in charge.That reverberates across all the interconnected capital structures.EquitiesI am an equities guy. I love studying business models, management teams and market structures and predicting who the winners and losers will be. Global equity markets are a US$111 trillion (NZ$185t) pond, frequently moving above and below the surface.BondsThe bond market is similar, at US$100t (73% sovereign bonds or "govies" and the rest is corporate bonds).  Bond ma...

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