Bill Clinton's political adviser James Carville famously wisecracked he'd like to be reincarnated as the bond market, because that way "You can intimidate everybody". Recently there have been concerns that an old foe is lurking in the bond markets - the bond vigilante.
But who are bond vigilantes? What do they do? And why are they giving market watchers jitters?
Charlie Neil and Cameron Willard from our Capital Markets team join Daniel Mahoney to discuss the power that bond investors have over markets and why.
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