An intensifying bond rout is creating a "tremendously dangerous" outlook for global equities, according to Livermore Partners' CIO.
Asked how worrying that landscape was for equities, he said: "I think it's tremendously dangerous at this point." In the U.S. Treasury market — a crucial component of the global financial system — bond yields have surged to highs not seen since the onset of the global financial crisis. In Germany, Europe's largest economy, yields have hit their highest level since the 2011 euro zone debt crisis. And in Japan, where interest rates are still below 0%, yields have risen to 2013 highs.
Neuhauser's statement echoes similar comments earlier this week from UBS Asset Management's head of global sovereign and currency, Kevin Zhao, who said "