By David Scott | Monday 10 July 2017
Markets are starting to adjust to the idea that interest rates are going up and they are now questioning exactly what this means. This generally means less risk-taking, which means lower asset prices. We are at a point where small shifts in absolute terms have an outsize relative impact. If interest rates rise from 5% to 5.25%, that’s not a big move. But if they rise from 0.25% to 0.5%, they’ve doubled.
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