Global Bond Selloff Pushes US Yields to Multi-Year High
Global bonds faced heavy selling pressure as rising energy costs and inflation drove yields to multi-decade highs. US benchmark Treasury yields reached levels not seen since 2002 before stabilizing. Analysts warn higher borrowing costs will increase financial pressures.
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Global bond markets suffered a steep selloff during Thursday's late evening trading, driving benchmark borrowing costs in the United States and France to multi-decade highs. The retreat pushed the U.S. benchmark yield to 5.26% following heavy selling pressure across the curve. The rout reflects escalating global concern as surging energy costs fan inflation and heavy capital competition strains government finances.
