Disliked.... When people are buying stocks ("risk-on"...), they are not afraid of a crash. But when they buy stocks, that usually means they sell bonds, which means that bonds will go down in price. If bond prices go down, the yield on bonds will go up in order to attract more customers. On the other hand, if people are afraid of stocks ("risk-off"...), they will buy bonds, sending the yield down...Ignored
DislikedThere's also "carry trade" considerations for the guys wielding the big money to worry about...Ignored
Carbon-Dioxide: the gas of life!