Inflation fears spark global bond rout as yields push higher
Global bond markets sold off as inflation fears intensified, sending U.S. yields higher—10-year at 4.601%, 30-year at 5.128%, and 2-year at 4.086%—with German Bunds, Japanese JGBs and UK Gilts also rising amid policy uncertainty; oil prices jumped, reinforcing inflation risks for central bankers ahead of the G7 meeting.