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Bond traders suffer worst rout in 3 years

Move spurred by speculation that ECB and its major counterparts are moving closer to curbing monetary stimulus, including asset purchases

New York

AFTER all central bankers have done since the financial crisis to prop up bond prices, it didn't take much for them to send the global debt market reeling. Bonds worldwide lost 2.9 per cent during the month through Oct 27, according to the Bloomberg Barclays Global Aggregate...