Global Bond Yields In Motion

American bond investors aren't alone in taking a beating this year. Throughout the industrial world, 10-year government yields are now from about 35% to 60% higher than they were at the start of the year (chart). For domestic holders of such bonds, this translates into heavy losses--from close to 8% in Japan and Germany on a total-return basis, to around 10% in the U.S., Britain, and Canada, nearly 12% in France, and 17% in Australia.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.