European Central Bank President Mario Draghi sparked a broad wave of selling in government bonds of the developed world, highlighting investors’ vulnerability when major central banks pivot toward a less accommodative monetary policy. The center of the selling was government bonds in the eurozone. The yield on the 10-year German bund, the benchmark for the eurozone’s debt markets, posted the biggest one-day rise since Dec 2015,...

Source: Wall Street Journal June 27, 2017 15:10 UTC