The free ride for bond markets may be at an end

There are some signs that bond markets are beginning to sense that the free ride from central bankers is coming to an end, with a noticeable upward move in yields of late.

The yield on the benchmark 30-year US long bond has risen to around 2.5% from 2.1% back in July.

Ten-year UK gilt yields have more than doubled from lows of near 0.5% in August to close on 1.1% in the past week.