After QE: Taking off the stabilisers

Markets are braced for increased volatility as central banks signal an end to unlimited liquidity

It is growth differentials that ultimately drive capital from one place to another

What happens when rates rise and investors need to sell bonds? Without the shock absorbers you have the potential for a disorderly repricing

 

http://www.ft.com/intl/cms/s/0/cca0aaa2-4e02-11e4-adfe-00144feab7de.html?siteedition=intl#axzz3GIxGS5Mp

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