, Columnist
Read the Fine Print on Bonds’ Sale of the Century
Yields on government bonds haven’t been this high since the eve of the Global Financial Crisis. How much pause should that give?
What explains the stock market’s apparently irrational equanimity?
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
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If you’ve long had the wish to buy some government bonds, it looks like now is the time. Buy them while they’re cheap — this offer surely can’t last much longer. That at least would seem to be one of the more logical reactions to a surge in yields across the world that has come on the eve of a wave of central bank meetings which inevitably pose risk to bond investors. Why take a strong position now?