Global bond sell-off deepens as inflation, Iran-US tensions push yields higher
A global bond sell-off intensified on Tuesday, pushing government borrowing costs to multi-year highs and dragging equities lower. The sell-off was fueled by concerns that energy-driven inflation, exacerbated by US-Iran tensions, could force central banks to raise interest rates. UK, Japanese, and US bond yields all hit significant highs, while European and Asian stock markets fell.