By John Towfighi, CNN New York (CNN) — Global bond yields rose Tuesday to their highest levels in decades as an escalation in the Middle East conflict pushed up oil prices and increased concerns that the Federal Reserve and other central banks could raise interest rates this month.
Government bond yields rose in numerous countries on Tuesday, with investors selling off amid concerns over inflation and mounting public debts. The 10-year U.S. Treasury bond yield exceeded 4.7 percent Tuesday morning, marking its highest mark since October 2023.
Oil prices rose, stocks fell and bond yields spiked after the US launched fresh attacks on Iranian targets. Japan's 10-year bond yield hit 3% for the first time since 1996. The deepening global selloff comes amid fears over rising inflation and concern over mounting government debt - which in the US…
Interest rates on government bonds are rising again around the world, making borrowing more expensive for consumers and businesses and heightening concerns about whether governments are issuing more debt than financial markets can handle.
Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. A Bloomberg gauge tracking government debt across the G7 countries now yields its highest on average since September 2000. Michael MacKenzie reports.
Global bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury Secretary Scott Bessent announced a surprise increase of his department’s bond buyback program and Federal Reserve Chairman Kevin Warsh made his hawkish speech at Jackson Hole.
Global bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury Secretary Scott Bessent announced a surprise increase of his department's bond buyback program and Fed Chairman Kevin Warsh made his hawkish speech at Jackson Hole.
Global bonds clawed back ground as yields near multi-decade highs proved hard for some investors to resist, even as energy prices keep markets on edge.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Related updates
Separate coverage close to this update in time and subject.
