Frankfurt, Dusseldorf After an extremely turbulent week on the capital markets, the sell-off continued across the board on Monday: the Dax worked its way down two percent to the threshold of 13,400 points – since the beginning of the year, the leading German index has been down almost 16 percent. US stock markets have started their sixth straight week of losses.
Leading government bond prices also continued to slide, and their yields rose accordingly. The yield on the ten-year Bund reached an eight-year high of 1.18 percent.
Apparently there is hardly any support left on the stock exchanges: the classic crisis hotspot gold lost ten percent of the annual high, and Bitcoin collapsed by 30 percent in 2022. The last time there was such a sell-off of all asset classes was in March 2020 during the Corona crash.
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