On Tenterhooks

M Global Foundation Sunday Start | What's Next in Global Macro August 11, 2024 06:00 AM GMT On Tenterhooks It has been a wild August thus far in global equity and fixed income markets. In the first few days of month, the S&P 500 index fell over 6% and Japan's Nikkei 225 index recorded a more dramatic 20% decline. Both indices have since recovered about half of these losses. Ten-year US Treasury yields dropped more than 20bp but are now back to the levels prevailing at the beginning of the month. Measures of ...