BlackRock Inc., the world’s largest money manager, expects global bond yields to rise in 2017 as improving economic growth worldwide spurs reflation.
Increases in consumer prices have picked up pace globally, and U.S. President-elect Donald Trump’s plans to boost infrastructure spending are fueling speculation more advances are in store. China’s factory-gate inflation jumped to the highest since late 2011 at 3.3 percent in November. The global economy will likely expand 3.2 percent in 2017, up from 2.9 percent this year, according to a Bloomberg survey of analysts.
