Investor jitters hit government bonds of major countries
The global bond market sell-off has deepened and spread to equities after recent hawkish speeches from central bank heads sparked fears that the post-crisis period of easy monetary policy is nearing its end. Those fears hit government bonds of most major countries hard this week, pushing borrowing costs higher across the world and setting the stage for gold’s first monthly decline of the year.
The global government bond sell-off continued in Asia and the dollar held at 8-month lows as stocks were hit by a poor performance overnight on Wall Street — particularly by tech companies. The wild swings this week shows how markets are prone to misconstrue statements of the obvious by leading policymakers. (FT, Reuters, WSJ) -- FT
WSJ Story:
http://www.wsj.com/articles/global-government-bond-prices-fall-dollar-sags-1498726872
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