Global bonds have lost in value $6.4 trillion since ATH in summer 2021… and this is nominal return measured in fiat… the real return is much worse… April 18, 2022 4:10 pm by IWB by silvertomars The fastest inflation in decades and the resulting rush by central banks to raise interest rates are stoking recession fears in financial markets — worries that are being compounded by the impact of aggressive coronavirus lockdowns in China and the war in Ukraine.