"Bonds globally experienced a significant sell-off, with markets reacting to ongoing economic uncertainty. HSBC has announced a major overhaul, aiming to reduce costs and improve efficiency. The move comes as the financial institution faces increased competition in the market. Despite concerns about global economic growth, investors remain cautious.

Source: https://www.bloomberg.com/news/audio/2024-10-22/bonds-sell-off-everywhere-hsbc-s-big-overhaul-more