Global bonds surge toward best month since 2008 financial crisis

Forward trend: With signs that global growth is cooling, Waller says the current level of policy looks well positioned to slow the economy and bring down inflation. — AP

NEW YORK: Global bonds are soaring at the fastest pace since the 2008 financial crisis.A Bloomberg gauge of global sovereign and corporate debt has returned 4.9% this month, the most since it surged 6.2% in the depths of the recession in December 2008.

The rally is being driven by increasing speculation that the Federal Reserve (Fed) and its global peers have largely finished hiking interest rates.