European Gas Prices Rise As Bond Yields Climb
European gas prices hit multi-year highs and bond yields climbed globally as fiscal pressures mounted. Markets awaited euro zone inflation data ahead of expected rate hikes next week.
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Global bond yields surged during Tuesday morning trading as Japan benchmark rates hit multi-decade highs and fiscal pressures mounted across Europe. Stock markets slumped from Seoul to Hong Kong following a volatile regional session. The sharp repricing of global debt reflects growing investor anxiety over surging term premia and persistent inflation risks.
