Global Bond Yields Hit New Highs Amid Inflation Fears
Global bond yields reached multi-year highs as rising energy prices stoked inflation concerns and traders braced for interest rate hikes. Middle East tensions lifted oil prices above ninety dollars a barrel, pressuring sovereign finances worldwide.
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Global bond yields hit new highs on Tuesday morning as renewed fighting in Iran lifted energy prices, pushing Japan's 10-year benchmark to 3%. The move reflects mounting investor fear over inflation and impending interest rate hikes across major economies.
