Global Bond Yields Rise as Energy Prices Climb
Global bond yields rise as energy prices surge amid ongoing conflict in Iran. Investors brace for upcoming interest rate hikes from major central banks this month.
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Energy prices surged after new strikes in Iran, pushing U.S. 10-year Treasury yields to 4.8% on Wednesday and triggering a global bond selloff. The rise in sovereign borrowing costs comes as investors price in rate hikes from major central banks this September. The climbing benchmark yields are approaching a 5% threshold that portfolio managers view as a direct threat to equity valuations worldwide.
