Jul
23
Global Central Bank Chatter Rattles Bond Market
ByGovernment bond prices tumbled Monday after reports that central banks could be close to policy changes
Government bond prices world-wide tumbled Monday, roiled by reports that central banks could be on the verge of taking another step back from the easy-money policies that have characterized the postcrisis period.
News reports that the Bank of Japan might consider changing its interest-rate targets helped push the yield on the 10-year Japanese government bond as high as 0.09% in Monday trading in Tokyo from 0.03% late Friday…