Economics
Global Bond Market Rally Unravels as Japan Shows Limit to Demand
- G-7 bonds have tumbled in August, trimming this year’s gains
- Trump calls rates artificially low; Gross says bonds are risky
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The record-setting global bond market rally is coming undone.
The average yield on bonds in Bank of America Corp.’s G-7 Government Index climbed to 0.58 percent, the highest level in five weeks. The move is a rebound from the record low of 0.45 percent set in July. Japan led the selloff, and yields are rising from Australia to Germany.