Bloomberg predicts the West’s worst crisis since 1949
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How informs Bloomberg agency, experts are sure that the Western countries are expecting a collapse of government bonds.
Central banks around the world are raising interest rates aggressively in the face of high inflation. And prices on the exchanges are falling as traders seek to catch up, the newspaper writes.
Bank of America Corp. strategists said government bond markets are experiencing their worst year since 1949, when Europe was rebuilding from the ruins of World War II.
Bleakley Advisory Group Investment Director Peter Bukvar said years of central bank interest rate suppression are in the dust, and developed country bonds are now “trading like emerging market bonds.”
“The biggest financial bubble in history – sovereign bonds – continues to deflate,” the expert concluded.
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