<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>

主動管理債券 ETF - PIMCO

Tail 風險 ETF - Cambria

<p>作者：西蒙·懷特，彭博社宏觀策略師，債券期權顯示市場正在定價更大波動的可能性。上週的情況提醒我們，市場基礎脆弱，因為美國與中國之間重新出現的貿易衝突導致資產價格下跌</p>

債券市場顯示尾部風險正在增加