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A wave of selling in global bond markets pushed yields to new record highs, with Japanese 10-year government bond yields rising to 3% for the first time in decades, and the yield on 10-year U.S. Treasury bonds reaching 4.78%, the highest since early 2025. These increases come amid growing inflation fears fueled by rising oil prices and escalating geopolitical tensions, as well as expectations of interest rate hikes in the United States and Europe, all of which put additional pressure on stock markets and lead to calls for higher premiums to lend to governments.
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