U.S. long-term bond rout prompts investors to reassess causes
U.S. long-term government bond selloff has accelerated for bonds maturing a decade or more, and investors are questioning whether inflation is the driver.
By Karishma VanjaniThe relentless rout in U.S. long-term government bonds has investors seeing red-both figuratively and literally, in their portfolios.
The natural inclination is to blame inflation, but the real cause lies elsewhere.Losses on bonds expiring in a decade or more have accelerated sin…