Global Bond Markets Sell Off Amid French Fiscal Worries
Global government bond markets, including Treasuries, experienced a sell-off on Monday, pushing yields to multiyear highs. Investors are concerned about deteriorating fiscal conditions in major economies and inflation potentially linked to the Iran war.
Treasuries resumed their autumn slump on Monday, with yields climbing to fresh multiyear highs as investors focused on deteriorating fiscal conditions in major economies worldwide and inflation tied to the Iran war. S. were also weaker as the selloff spread across major sovereign debt markets.