The Global Real Yield Tantrum of 2022 Is Here

Christine Lagarde on Thursday  indicated there was "general concern" among policymakers about inflation 

The market response has been swift, but not catastrophic. 

The global pool of negative yielding debt plunged by 20% in one day, to the lowest amount since October 2018. Yields on Italian government bonds surged to the highest since May 2020 and German 5-year notes turned positive for the first time since 2018.

Markets haven’t really begun to comprehend what the synced up tightening of developed-market central banks will ultimately will mean.

Lisa Abramowicz Bloomberg  6 February 2022

https://www.bloomberg.com/opinion/articles/2022-02-06/the-global-real-yield-tantrum-of-2022-is-here

In 2013, then Fed chair Ben Bernanke sparked what became known as a “taper tantrum”

Katie Martin FT's markets editor 19 January 2022

https://englundmacro.blogspot.com/2022/02/can-fed-do-that-without-destabilising.html