Investors Losing Faith in RP?

A headline recently caught my eye: “Why Risk Parity Investors Have Lost Faith.” I haven’t certainly, but, with my interest piqued, I wondered about the reasons. Well actually, it turns out it’s just one pension manager in Europe, but still: why oh why are people jumping off the RP ship?

Panic at the Bond Market

Bad times for bonds lately, for sure. The extent (-12.3% for BND since November) is certainly not nothing, but has produced howls and hyperbole far outstripping what would accompany a similar loss for equities. Why do bond losses produce such outsized panic?