For the first time in more than three decades, the Bloomberg Global Bond Index entered a bear market following falling more than 20% from its peak in 2021, the largest decline since the index was launched in 1990.
High inflation has led to Sharp rises in interest rates That was used by monetary policymakers to end a nearly four-decade bull run in bonds.
The Bloomberg Aggregate Bond Index is a benchmark for measuring the performance of bond funds and index funds.
Global markets are witnessing continued selling waves of US bonds in the wake of the Fed’s tough tone on monetary policy tightening.
This comes following expectations of a US interest rate hike increased by 75 basis points this month, with traders dwindling bets for a rate cut next year.
