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The New Bond Market: Bigger, Riskier and More Fragile Than Ever - WSJ

Stocks rise and fall, but bonds are starting to make people anxious no matter what they do.

The U.S. bond market is among the biggest financial markets in the world, with $39.5 trillion outstanding at mid-2015, the Securities Industry and Financial Markets Association says. That is equivalent to 1 U.S. stock markets and nearly twice the aggregate size of the five largest foreign stock exchanges (in Japan, China and Europe), says the...

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