You Call This a Bond Rout? Wait Until the Real Selling Starts
All Eyes Are on a Global Bond Selloff
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If you think the latest hiccup in world bond markets looks bad, wait until investors actually start selling their holdings.
Yes, German and U.S. bond yields have soared to their highest levels this year. And, yes, more than $626 billion of value has simply evaporated from an index of global sovereign bonds since the end of March.