Bond losses continue to hurt global investors

LONDON, England : If worldwide government bond losses continue, 2022 will be the worst year since 1949 as investor sentiment falls to its lowest since the Russian invasion of Ukraine, according to a report released by the Bank of America Global ResearchBank of America Global Research department.

Bond funds reported outflows of $6.9 billion for the week ending September 21 as an additional $7.8 billion was taken out of equity funds.

In the last few weeks, Bank of America said that investors converted $30.3 billion into cash.

Speculative purchases of the dollar have resulted in multi-year highs.

Investor sentiment remains the worst since the 2008 global financial crash, according to a report.

The U.S. Treasury yields, which move in the opposite direction of bond prices, have reached their highest level since 2011, as the U.S. benchmark 10 year yield reached some 3.76 percent.

Bond sell-offs are expected to be ongoing as long as central banks continue to hike rates in a bid to contain inflation.