Bond Yields Hit Multi Year Highs as Oil Prices Jump
Global bond yields rose to multi-year highs as rising oil prices fueled inflation worries. Markets increased bets on imminent interest rate hikes by major central banks.
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Global bond yields climbed to multi-year highs on Monday as Brent Crude Oil prices jumped 3% following military clashes involving the United States and Iran in the Strait of Hormuz. The supply disruption stoked fresh inflation concerns across international debt markets.
