Cross-Asset Volatility Rules Roller Coaster Markets in August

August saw significant market volatility, with both bond and equity volatility rising. Safe havens like gold performed well, reaching its highest level since 2013. The bond market experienced notable changes, with yields falling and a shift towards investment-grade bonds. Overall, volatility and gold were the key stories of the month.

What does the text suggest about the bond market's performance in August?

What investment strategy did investors seem to prefer in August?