Global bond selloff deepens as yields hit multi-decade highs
Global bonds sold off sharply as Middle East conflicts and rising energy prices stoked inflation fears. Sovereign yields reached multi-decade highs, increasing borrowing costs worldwide.
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Global bonds sold off sharply on Wednesday, pushing the benchmark 10-year U.S. Treasury yield to 4.81% as Middle East conflict jolted energy markets. The rout extends a multi-month borrowing cost surge driven by inflation fears and heavy government debt issuance. Sovereign yields serve as the global pricing foundation, meaning higher funding costs instantly translate into steeper consumer mortgages and strained state budgets across major economies.
