Global bond selloff spills into September, pressure on U.S. stocks
A global bond rout is extending into September, pressuring U.S. stocks as investors brace for central-bank rate hikes amid concerns Middle East risks will keep inflation hot.
By Alexander OsipovichThe global bond rout is rolling on into September, raising borrowing costs for governments and putting pressure on U.S. stocks today.Worries that an impasse in the Middle East will keep inflation hot and force central banks to raise rates are fueling the selloff.Also weighing…