Markets Bet Inflation Is Hot Enough to Spur Reluctant Rate Hikes
- Central bankers talk tougher; traders think they’ll follow up
- Bond selloff points to worst year for fixed-income since 2005
Outside the Bank of England in the City of London on Oct. 20.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Investors are stepping up bets that the world’s key central banks will raise interest rates sooner than they’d planned, and faster than they’d like.
Global bonds are headed for their worst year since 2005, according to a Bloomberg index, with traders seeing rate hikes in the pipeline across developed economies.