Gift an article

R24 trillion lost as global bonds suffer worst monthly meltdown

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...

Singapore - The 30-year-old bull market in bonds looks to be ending with a bang.

The Bloomberg Barclays Global Aggregate Total Return Index lost 4% in November, the deepest slump since the gauge’s inception in 1990. Gathering US economic momentum and Donald Trump’s election win - with promises of tax cuts and $1trn (R14.05trn) in infrastructure spending - spurred investors to dump debt that was offering near-record-low yields and pile into stocks.

Calling an end to the three-decade bond bull market is no longer looking like a fool’s errand: the Federal Reserve is expected to start raising interest rates - and do so more often than once a year, inflationary expectations are climbing and there are hints global central banks may be buying fewer sovereign securities going forward.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
17.68
+0.9%
Rand - Pound
20.24
-0.2%
Rand - Euro
17.62
-0.5%
Rand - Aus dollar
11.44
+1.6%
Rand - Yen
0.12
+0.6%
Gold
1,721.89
+1.3%
Silver
21.03
+1.6%
Palladium
2,311.50
+3.9%
Platinum
929.50
+2.8%
Brent Crude
88.86
+4.2%
Top 40
59,840
+3.4%
All Share
66,313
+3.3%
Resource 10
64,568
+4.7%
Industrial 25
80,073
+3.3%
Financial 15
14,053
+1.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders