Global yields hit new highs as oil prices lift inflation fears
Global bond yields hit major new highs as renewed Middle East fighting pushed oil prices higher and traders braced for interest rate hikes, pressuring stock markets worldwide.
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09:48:12 AM UTC
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Across the region, traders remained focused on the global bond selloff, which has pushed yields in major economies to fresh highs. The move has revived concerns that central banks may need to keep policy tighter for longer, particularly with oil prices climbing again amid geopolitical risks.Geopoli…
By Satoshi Sugiyama, Tom Westbrook and Harry RobertsonGlobal bond yields hit major new highs on Tuesday as renewed fighting in the Middle East lifted oil prices and traders braced for interest rate hikes, putting pressure on stock markets around the world.Japan's 10-year benchmark (JP10YTN=JBTC) yi…