Bond rout wipes out 2015 gains as traders stay glued to screens
Fixed-income slide continues as ECB chief says investors should get used to recent weeks' heightened volatility
Toronto
THE global bond market sell-off has erased all of this year's gains as historic market moves from Germany to the United States and Japan whipsaw traders. After being up as much as 2.3 per cent as at mid-April, the Bank of America Merrill Lynch Global Broad Market Index of bonds with a total face value of US$41 trillion is now down 0.4 per cent for the year.
Bond traders have been caught off guard by signs the worldwide economy is likely to avoid mass deflation and b…
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