Media reports indicated that Western central banks raised interest rates in an attempt to curb inflation, making bond markets on the verge of their worst performance in 73 years, according to "Bloomberg".

Experts from "Bank of America" explained that government bond markets around the world are about to achieve their worst performance since 1949, when Europe was in chaos recovering from World War II.

Supporting the American economy

Bloomberg pointed out that the US Federal Reserve system and other Western central banks stopped keeping the benchmark interest rate near zero to support the economy, as they did during the pandemic, and this reversal had a significant impact, noting that the increase in the base interest rate in the United States was the last serious blow to the global economy.