Oil jump and spiking yields pressure global markets
Resumed U.S.-Iran fighting kept crude oil prices elevated, weighing on sentiment. Sovereign bond yields hardened further amid fears inflationary pressures could push central banks to raise rates.
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The unabated surge in crude oil prices triggered by the resumption of fighting between the U.S. and Iran continued to impact sentiment in global markets.
Sovereign bond yields hardened further as fears of inflationary pressures goading central banks to raise int…