Economics
Bob Doll Says October's Bond Rout Means U.S. Economy Improving
- Treasuries lose 1.2% this month, while global debt tumbles 3%
- Declines reflect signs of improving economy: Nuveen’s Doll
Fed Hike on the Cards Even If Trump Wins, Says Mentel
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Global bonds are set for their worst month in six years, sparked by investor concern that central banks are preparing to gradually reduce stimulus.
They lost about 3 percent this month through Oct. 28, according to the Bloomberg Barclays Global Aggregate Index, which has a market value of almost $47 trillion. Treasuries, which have been swept up in the selloff, were on pace for their biggest tumble in 20 months, losing 1.2 percent, a separate index shows.