Bond markets have been jolted from their late-summer slumber by central bank signals that interest rate rises are drawing closer, which have sparked the steepest price declines since a global debt slide at the start of the year.
Investors have dumped government bonds in the wake of the latest policy meetings at the US Federal Reserve and the Bank of England last week at which both indicated a willingness to respond to growing inflationary pressures by lifting short-term borrowing costs.
At the same time, a surge in energy prices in Europe — and particularly the UK — has added to fund managers’ conviction that the jump in inflation will last longer than central bankers previously expected.
您已阅读12%（695字），剩余88%（4884字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。