XPS Pensions flags oil — driven inflation as trigger for Q3 global bond selloff, higher yields
XPS Pensions Group analysis flagged a Q3 global bond selloff driven by higher inflation expectations tied to Brent crude rising to USD 100. US Treasury doubled long-term bond buybacks in August to curb financing costs as yields climbed. Fed lifted rates 0.25% to 3.75%-4.00%, with four more hikes priced over 12 months;