Fears of a global selling spree spook investors in bond markets
A sharp fall-off in bond prices that would rattle record-high equity markets is their immediate concern
New York
FOR nearly a decade, central banks around the world have been the biggest buyers of bonds, sending interest rates plummeting and stock markets soaring.
Now, investors are starting to worry about what would happen if the richest nations start to scale back on a buying binge that most of them began to stimulate economies hurt by the global financial crisis.
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