<div id="readability-page-1"><div><div><p><em>Authored by Simon White, Bloomberg macro strategist,</em></p><p>Options on bonds show that the market is <strong>pricing in a higher chance of a large move</strong>.</p><p>Last week was a rude reminder that markets are on fragile foundations, as the renewed trade conflict between the US and China triggered a slump in asset prices.</p></div></div></div>

主动管理债券 ETF - PIMCO

Tail 风险 ETF - Cambria

<p>作者：西蒙·怀特，彭博社宏观策略师，债券期权显示市场正在定价更大波动的可能性。上周的情况提醒我们，市场基础脆弱，因为美国与中国之间重新出现的贸易冲突导致资产价格下跌</p>

债券市场显示尾部风险正在增加