The global bond market is in the grip of its worst freefall since the 2008 financial crisis as central banks struggle to bring rampant inflation under control.
Government and corporate debt has fallen 11% since reaching a high in early 2021 — translating into $2.6 trillion worth of losses, according to Bloomberg.
https://nypost.com/2022/03/23/global-bonds-fall-2-6-trillion-worse-than-2008-financial-crisis/