Global Bond Selloff Deepens Amid Rising Inflation Fears
Treasury yields hit multi-month highs as oil prices fuel inflation. Investors now anticipate rate hikes from the Federal Reserve and European Central Bank.
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Global bond yields surged Monday as benchmark 10-year U.S. Treasury yields hit 4.631%, having climbed more than 20 basis points last week. Rising energy prices and stalled Middle East peace talks are fueling bets on further central bank rate hikes. Investors face a "higher for longer" rate environment that is casting a shadow over recent equity market gains.
