Bonds can't even catch a bid in this environment?

<p>This is one of the worst markets I can remember: There is nowhere to hide.</p><p>Stocks are utterly puking with the Nasdaq Composite down 2.5% after poor earnings from Google and some others. Oil is rallying, presumably because the market is worried about Iran again after a WSJ leak.</p><p>You would think there would be some flight to the safety of bonds, especially with near-5% available right across the curve but that's not the case. Instead, US 10-year yields are up 11 bps today and trading at the highs.</p><p>So where can you hide? Gold is doing ok but in times of severe market stress, it tends to get liquidated. Megacap tech has (somehow) been a safe haven in the past but it's not working that way now.</p><p>What's left? </p>

This article was written by Adam Button at www.forexlive.com.