Skip to content

Global Bond Index Tumbles Toward Bear Market on Powell Pushback

  • Bloomberg index within percentage point of 20% fall from peak
  • Policy makers determined to slow economy to quell inflation
Bloomberg business news
Global Bonds Slide Toward First Bear Market in a GenerationSource: Boomberg
Updated on

Bonds are sliding toward the first bear market in a generation, burning investors who erred in bets that central banks would pivot away from rapid interest-rate hikes.

The Bloomberg Global Aggregate Index, which tracks total returns from investment-grade government and corporate bonds, is within a percentage point of falling 20% from its peak after another bout of selling following the Federal Reserve’s Jackson Hole symposium.