Wells analysts see shades of 2013 ‘taper tantrum’ in autumn volatility

By Alexander Saeedy
12 Nov 2018

Looking at the broad-based volatility battering financial markets this autumn, analysts at Wells Fargo have spotted similarities between "red October" and the 2013 taper tantrum, with one notable exception — the absence of a major investor to help reduce volatility and absorb new supply.

“The sell-off during October and investor sentiment after that is reminiscent of what we saw during the Taper Tantrum,” wrote Wells analysts in a November 9 research note. “When we have a rate sell-off combined with spread widening, it pushes most investors to the sidelines. The appetite of ...

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