Stock markets are wild, but bond markets can be dangerous

Traders work on the floor of the New York Stock Exchange on Oct 4, 2018, in New York City.
Traders work on the floor of the New York Stock Exchange on Oct 4, 2018, in New York City. PHOTO: AFP

NEW YORK • Ask someone about the bond market and you will most likely get a blank stare.

When it comes to the economy, however, bonds are far more important than stocks.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on December 20, 2018, with the headline 'Stock markets are wild, but bond markets can be dangerous'. Print Edition | Subscribe