Bond Market Selloff Eases, Yields Hold Multidecade Highs
Global bonds have experienced significant volatility, with yields reaching multidecade highs due to concerns over large fiscal deficits and increasing borrowing costs worldwide. While the selloff has eased, yields remain elevated.
By Rebecca Feng Concerns about swollen fiscal deficits and higher borrowing costs globally remain the main market theme. Government bonds sold off overnight, pushing yields to fresh multidecade highs. The move later eased, but it underscored how volatile trading has been this week.