Bonds have been having a rough 2022. Though to be fair, pretty much every asset class has too. The S&P 500 officially hit bear market territory in June 2022, Europe and the international markets are also down about 20%. Canada has been the over-performer this year, losing “only” 10% YTD, our export-heavy economy benefitting from the rise in oil and wheat prices caused by the war in Ukraine. Bonds are usually supposed to be anti-correlated to the stock market, meaning that when stock markets go down bonds are supposed to go up as investors flee from risky assets to safer […]
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