Lots of pain out there over the past few months in global bond portfolios.
Look at the reach for duration as global interest rates fell in the IMF chart below, The IMF probably created the chart in late August/early September. Compare to the chart of the change in 10-year bond yields since the beginning of November.
Central banks have certainly taken a hit on their QE bond purchases.
Other bodies soon to surface?
(COTD = Chart of the Day)
