A global bond selloff was led by Europe, driven by concerns over Middle East conflict escalating and potentially disrupting oil supply, thus increasing inflation.
The escalating conflict in the Middle East is a major factor contributing to the rise in oil prices and subsequent global inflation fears, resulting in a significant selloff in the bond market.
The increase in German and US Treasury yields reflects a broader market response to increased inflation risk associated with potential oil supply disruptions.
Europe led a global bond selloff as the escalating conflict in the Middle East stoked fears of an oil supply disruption that would fan inflation.
German yields climbed across the curve, with 10-year yields up as much as five basis points to 2.56%, the highest level in a week. Treasury yields also rose, with 10-year yields up as much as three basis points to 4.40%.
If you often open multiple tabs and struggle to keep track of them, Tabs Reminder is the solution you need. Tabs Reminder lets you set reminders for tabs so you can close them and get notified about them later. Never lose track of important tabs again with Tabs Reminder!
Try our Chrome extension today!
Share this article with your
friends and colleagues.
Earn points from views and
referrals who sign up.
Learn more