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Rout in Bond Markets Is So Severe That Double-Digit Losses Are the Norm

  • Euro corporate bonds show biggest ever year-to-date losses
  • Credit markets roiled as ECB pulls the plug on bond purchases
Updated on

Bonds denominated in the world’s leading currencies are suffering double-digit losses following the European Central Bank’s decision to end quantitative easing.

Investors have now lost 10.1% this year on euro high-grade corporate bonds, Bloomberg debt indexes show. The more rate-sensitive US dollar and sterling credit markets have already been nursing double-digit negative returns in 2022.