As US, Japanese, and European sovereign bond yields surge to multi-decade highs, investors are increasingly turning to gold (GC=F) and bitcoin (BTC-USD) to preserve capital and hedge against the growing risk of stagflation. In an exclusive conversation on Yahoo Finance Future Focus, Hidden Road director of liquidity management Gary Murphy unpacked why faith in fixed income is wavering and where the smart money is flowing instead. Bond yields in US Treasuries are soaring to levels not seen in over three decades, reflecting a shift in global financial markets. “We have seen yields rising in recent months, and the curve ... (full story)