Why the bond market has become jumpier
Vanishing liquidity and crowded trades are two sides of the same coin
JAMES MADDISON was sure he had scored. As his free kick arced over the wall of Arsenal players, a goal seemed certain. Somehow Arsenal’s goalkeeper, Aaron Ramsdale, got a hand to the ball and kept it out. “Best save I’ve seen for years,” said Peter Schmeichel, a former goalie. Others noted a crucial detail. Before the ball was struck, Mr Ramsdale was on his toes, his weight distributed evenly, ready to jump in either direction. By keeping perfectly balanced, he made a wonder-save possible.
This article appeared in the Finance & economics section of the print edition under the headline “Full tilt”
Finance & economics November 27th 2021
From the November 27th 2021 edition
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