The global bond market experienced a sell-off on Monday as traders bet on a reversal of stockmarket strength, while inflationary pressures and central banks' tightening policy continued to weigh.
Equity markets have enjoyed their best start to the year since 1987 with the S&P 500 rising 5.9% to 2,853 points on the back of President Donald Trump's tax reform. However, analysts fear US inflation could spike once again amid a continued weak dollar, in turn leading the Federal Reserve to tighten quicker than expected. The market is predicting the Fed to hike rates three times this year while the European Central Bank is expected to end its bond-buying programme in September. A shock to the market could come if the Bank of Japan scales quantitative-easing back later this year, acco...
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