Why Are Global Bond Markets Rattling Investors?
Longer-term sovereign debt is losing its appeal for investors.
Katsunobu Kato, Japan's finance minister: the country’s government bonds have been making headlines recently.
Photographer: Tierney L. Cross/BloombergThis article is for subscribers only.
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Developed world government bond markets are traditionally viewed as the “sensible” end of financial markets. Drama is rare, expectations are rational, and bond fund managers are the adults in the room, standing on the sidelines sipping their tea, occasionally chuckling at the toddlers’ birthday party antics of the equity world.