Global Bond Selloff Deepens as Rising Oil Prices Spook Investors
Bloomberg.com • • business
Key Points:
- Global investors are selling government bonds, causing borrowing costs to reach multi-year highs amid concerns that war-driven inflation will push central banks to raise interest rates.
- In the US, the two-year Treasury yield rose to 4.07%, the highest since March 2025, while the 10-year yield increased to 4.55%, marking a one-year peak.
- Japan’s 30-year government bond yield hit 4% for the first time since the bond's introduction in 1999, reflecting rising borrowing costs.
- The UK is experiencing a political crisis that has driven 30-year gilt yields to a 28-year high, signaling increased market uncertainty.