This year may be the worst for the global bond market in 22 years, reports The Financial Times. Barclays index, which combines debt securities of different countries (including bonds issued by states and companies of the world) fell to -4.8%. As edition notes, such deep decrease was rare during last decades. The main reason for such dynamics is active growth of inflation, to which this type of securities usually reacts rather sharply. The fact that their value for the year fell, according to portfolio manager of Aberdeen Standard Investments James Ety, should not be surprising, since inflation has reached 6%. The expert warns that difficulties for this type of assets may continue next year if global central banks start to tighten monetary policy faster than market participants expect. It should be noted that the relevant hints of regulators provoked a wave of bond sales in autumn.