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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

Many economists believe that the tax cuts recently signed into law by President Donald Trump could worsen the United States' financial position and make its debt less attractive as an investment.

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...

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