For most investors, 2022 has been a year to forget. Crumbling equities were bad enough, but with bonds also suffering from a surge in inflation and an aggressive response from central banks, fund managers were often left with nowhere to hide. Flinty hedge funds able to bet on the dollar and against government debt are among the few celebrating a good year.
It has also been a year pockmarked by truly extraordinary events, in areas as staid as UK government bonds and as wild as crypto. Here, Financial Times reporters have picked their markets charts of the year, encapsulating the biggest moments and most powerful trends.
The bond market that turned
Soaring inflation and a global dash higher in interest rates have spelt a miserable year for bond investors.
The 16 per cent drop in the Bloomberg global aggregate bond index — a broad gauge of sovereign and corporate debt — is the worst performance in data stretching back to 1991,…
