Why Investors Are Grappling With Global Bond Rout, Part Two
Once again, signs of reinflation
European Central Bank (ECB) in Frankfurt, Germany.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Another bond market meltdown is brewing where the initial one began in April, in signs of a reinflating European economy.
Traders piled on sell orders from Germany to Italy on Tuesday as the first increase in consumer prices in the euro zone in six months suggests growth in the 19-nation economy and the risk of the return of the main nemesis of fixed-income investors: inflation.