Bond yields have risen substantially in developed countries, with central banks offloading their vast holdings

Sovereign bond sales could increase further next year as budget deficits balloon across the developed world, Bloomberg reported this week.

According to the outlet’s analysis, this comes at a bad time as central banks have accelerated the reduction of huge bond holdings amassed through quantitative easing.

“This double whammy means bond yields, particularly at the longer end of the curve, are set for a difficult 2024,” Bloomberg wrote, suggesting the US Federal Reserve, the European Central Bank, and the Bank of England should curb their enthusiasm for shrinking their balance sheets.....more

https://www.rt.com/business/587721-global-debt-tsunami-bonds/