The global bond market shows negative dynamics this year. The result may reach a 22-year low. About it writes the Financial Times. The index of debt securities record fallThe index of debt securities Barclays, which includes issues of government and corporate bonds of different countries, since the beginning of 2021 shows negative dynamics – 4.8%.

The main reason for this result is the rapid acceleration of inflation. As the FT writes, the debt market in 2021 experienced two active sell-offs of government bonds. At the beginning of the year, investors dumped long-term securities in anticipation of a speedy recovery of economies after restrictions and rising prices. In the fall, investors began selling securities when global central banks began signaling key rate increases. As the publication notes, after several decades, the bond market has rarely demonstrated such negative dynamics. The last time it happened in the dot-com heyday in 1999, when the Barclays index lost 5.2%.