, Columnist
The Importance of Pelosi and Taiwan on Bond Swings
Wondering about the mood shifts in the bond market over the past seven months? Some reasons are better defined than others.
By one checklist, Pelosi’s visit to Taiwan sits only behind the Ukraine in shifting bond sentiment.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
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A bear market in bonds has been a long time coming — it’s about four decades since the last one ended. And after the US saw inflation hit its highest levels in 40 years (since the bond bull market started), fueling bets that the Federal Reserve would embark on the most aggressive tightening campaign in a generation, it seemed that the bear market had finally started.