Central Bank Monetary Easing Crushed Bond Markets: BIS

Extraordinarily easing of monetary policy by central banks has led to unprecedented conditions in bond markets, pushing government bonds to trade at historically low and even negative yields, notes BIS.

Bank for International Settlements in its March 2015 Quarterly Review notes aggregate international banking activity expanded further during the third quarter of 2014.

Bond markets: Over a dozen central banks eased policies

Against the backdrop of disinflationary impact of plunging oil prices and increasing foreign exchange market tensions, well over a dozen central banks have eased their policies during the past three months. The following table provides an overview of main central bank easing actions:

The BIS report...