For the first time since April 2012, the broad European equity markets have dropped for 4 weeks in a row. The drop of almost 6% is the largest since June 2012 and brings European stocks to almost unchanged on the year. But while stocks have been battered this week (even with yesterday's bounce), sovereign bonds are relatively calm still.
Worst 4-week run in 9 months...
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but bonds have been relativley well behaved...
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