IMF: Fed Tapering Could Wipe $2.3 Trillion Off Bond Markets

The IMF has warned that investors could be facing a potential loss of $2.3 trillion (£1.44 trillion) if central banks fail to smoothly unwind the emergency measures carried out during the financial crisis. The IMF, in its Global Financial Stability Report published today, put a number on the potential impact of messy quantitative unwinding. Series of initiatives from global bankers The IMF report highlights a series of initiatives contemplated by various bankers. For instance, IMF points out the U.S. may soon move to less accommodating monetary policies and higher long-term interest rates as its recovery gains ground. Japan is moving…