Government bond yields in the eurozone and the UK soared to fresh multi-year highs on Wednesday as investors nervous about rising interest rates continued to dump bonds.
A later story is more encouraging:Bonds stabilise as yields draw in investors
Except for this part:
“It’s not the end of the sell-off in bonds, but the market has stabilised and we have seen some buying from pension and insurance accounts,” said Gerald Lucas, senior investment adviser at Deutsche Bank.
Signs of reduced bond buying interest on the part of Asian central banks and other foreign investors has been one factor behind the sell-off. But the sell-off pushed up yields and that attracted investors who favour low-risk investments.
I don't think that our political leadership has done anything to prepare us for what is to come.
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