Bond markets are flashing red again. Your portfolio’s not ready
Governments can’t stop spending, deficits are getting bigger and bond investors are getting nervous across the world. Eventually, that drama will flow into other financial markets.
From Tokyo to London, from New York to Berlin, the mysterious bond vigilantes appear to be stirring again. Could they finally start to shake the seemingly unshakeable confidence of global sharemarkets?
Yields on long-term debt in Japan, Germany, Britain, France and the United States rose on Monday night, as concerns about rampant government spending and widening budget deficits weighed on investor demand.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
