Global bond selloff deepens as investors brace for higher rates
The global bond selloff is continuing into September, raising government borrowing costs and pressuring U.S. stocks. Investors cite concerns that Middle East tensions may keep inflation hot and push central banks to raise rates.
By Alexander OsipovichThe global bond rout is rolling on into September, raising borrowing costs for governments and putting pressure on U.S. stocks Tuesday.Worries that an impasse in the Middle East will keep inflation hot and force central banks to raise rates are fueling the selloff.Also weighin…