The wave of sell-offs in the global bond market has driven yields to multi-year highs, but the current round of fluctuations is only a fraction of the market at the end of 2022. Global government bond yields rose 17 basis points on a rolling basis on the 20th. Bonds have fallen 4.2% this year. For experienced market observers, relatively moderate fluctuations in yield have brought some relief; some have pointed out that at current yield levels, investors seeking returns can begin to consider allocating bonds.

The wave of sell-offs in the global bond market has driven yields to multi-year highs, but the current round of fluctuations is only a fraction of the market at the end of 2022. Global government bond yields rose 17 basis points on a rolling basis on the 20th. Bonds have fallen 4.2% this year. For experienced market observers, relatively moderate fluctuations in yield have brought some relief; some have pointed out that at current yield levels, investors seeking returns can begin to consider allocating bonds.