The end of QE in the US is impacting financial markets as investors come to terms with a move to normalise interest rates
Markets are forward looking by their nature, factoring in the possibility of a set of future outcomes materialising into the price of any asset. That's something worth considering right now because in the next fortnight there will be two important and market-defining events in Switzerland and Austria, both of which could have major ramifications for the direction of the euro, gold and oil prices.
The prospect of rising interest rates shows little sign of dampening investor appetite for retail bonds
The market can quibble about the details, but the only way interest rates are going over the long term is up, in which case securing your fixed income portfolio against a rate shock is a real priority