Euro Bond Rout Wipes Out 2015 Profit as Inflation Returns
European Central Bank President Mario Draghi
Photographer: Emmanuel Dunand/AFP via Getty ImagesThis article is for subscribers only.
For the first time in 2015, investors in European bonds are sitting on a loss.
The securities tumbled on Tuesday after a report showed euro-area consumer prices rose in May by more than economists forecast, leaving them down 0.1 percent this year, according to the Bloomberg Eurozone Sovereign Bond index. As recently as April 15, the index was up 4.6 percent.