Global bonds tremble as US rate-rise bets rise and oil surges

1 min read
Source: Financial Times
Global bonds tremble as US rate-rise bets rise and oil surges
Photo: Financial Times
TL;DR Summary

Fears of higher U.S. interest rates sparked a global bond selloff, with the 30-year Treasury yield near 5.38% (the highest in about two decades) as Middle East tensions keep oil prices elevated and investors price in possible Fed tightening. The 10-year yield hovered around 4.95%, futures imply roughly a 70% chance of a rate hike, and markets from Asia to Europe reacted to the energy price shock ahead of inflation data.

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