Markets rarely move on hope alone. When uncertainty rises, they tend to price risk first, often before outcomes are clear. The renewed tensions in the Middle East are a reminder of that dynamic, bringing energy risk, inflation concerns and policy credibility back into focus.

In this blog we step back from forecasting events and instead look at how markets behaved during the last major rates shock. For structured credit investors, that period offers a useful guide to what matters when volatility returns.

Rates volatility returns and why structured credit held its ground



Why floating rate credit proved its worth when volatility hit

The consumer stress test that quietly worked



Ratings stability in uncertain environments



When uncertainty rises, structure matters

...read more at bondvigilantes.com