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Global bond yields rise to multiyear highs as inflation worries grow
Yields on 10-year German Bunds and U.S. Treasurys both moved to fresh multiyear highs during the European trading session, as oil added to inflation fears.
A selloff in global government bonds accelerated during European midday trading, pushing yields higher toward fresh multiyear highs, according to the Wall Street Journal.
The outlet reported that 10-year German Bunds and 10-year U.S. Treasurys both reached new multiyear highs as investors weighed inflation concerns tied to oil.
The move points to a renewed repricing of interest-rate expectations, with oil acting as an additional factor raising the perceived risk of higher inflation.
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