Definition of taper worm

Taper worm is a term borrowed from marathon runners who become anxious they will lose their fitness when they are advised to taper off their training in the week or so before the event to give their bodies a chance to recover before the big race.

 

taper worm in the news

In May 2013 the term was being borrowed by the Barclays economic research team to apply to the nagging doubt that an economic slowdown could result from a tapering on quantitative easing (QE). An Alphaville blog post referred to a host of “canaries in the bond-mine” (mortgages, REITs, utility stocks, lumber), which were indicating that markets were getting nervous about QE tapering, and suggesting the next move in bond yields was more likely to be up than down.

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