It's hard to find safety right now in markets that are indisarray, but bond traders are certainly trying to do exactlythat.
They'rebuying short-term debt that stands to lose when the Federal Reserve raises interest rates—but a hike next monthisn't as much of a concern right now. And they're dumping riskyjunk bonds faster than their high-grade counterparts, sending theyield gap between the two to the widest in almost three years.
Traders are hunkering down, buying and selling less than averageas they try to determine what's next for markets after more thanUS$5 trillion in global equity value was erased in less than twoweeks.
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