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Economics

Central Banks Face Jumpy Bond Market With 10 Days of Decisions

  • Major central banks meet this month to decide on policy
  • March marks anniversary of unprecedented monetary support
Fed Officials Saw Bond-Buying Pace Continuing For 'Some Time'
Photographer: Samuel Corum/Bloomberg
Updated on

Central banks helped save the world economy from depression as the pandemic struck. Now they are dealing with the hard part: managing the recovery amid a difference of opinion with investors.

Optimism that Covid-19 vaccines and continued government stimulus offer an escape from the worst health crisis in a century has sent bond yields soaring and pushed bets on rising inflation in the U.S. to the highest in a decade.