Global Bond Yields Rise and Stocks Fall as Oil Surges
Global bond yields reached multi-year highs and stock markets slumped as oil prices surged past 100 dollars a barrel. The market reaction followed escalating Middle East conflict concerns and fresh inflation worries.
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Global bond yields leaped to multi-year highs and United States and European equities slumped on Thursday as Brent Crude Oil surged past $100 a barrel. The spike was driven by escalating supply disruptions and mounting conflict in the Middle East.
