Global bond yields jump to multi‑decade highs on inflation fears

Across major economies, government bond yields surged to multi‑decade highs as inflation fears and expectations of tighter policy persisted. The 10-year U.S. yield rose to about 4.81%, Germany’s around 3.38%, the U.K. about 5.25%, Australia near 5.20%, and Japan above 3%, with moves fueled by higher oil prices from Middle East tensions and hawkish signals from the Fed and ECB. Mounting debt loads and heavy corporate borrowing added to market nerves as equities declined in tandem.