It’s been a harrowing 12 months for global bond investors, culminating in a fall into a rare bear market. And there are few signs of a reprieve soon.
Government debt has been the worst hit, given a sizable chunk of the market was offering negative yields a year ago. The stockpile of notes with sub-zero yields exceeded $15 trillion then, with investors paying to hold 10-year German bunds and Japanese bonds, along with two-year Italian securities. Bonds denominated in European currencies have underperformed in 2022 after the continent’s energy crisis increased the odds of a recession. Large swings in currency markets, driven by the highest inflation in decades in many nations, have compounded losses for investors tracking a dollar portfolio.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: