Economic TimesLean R·
Global bond yields surge to multi-year highs as inflation, borrowing concerns mount
Mumbai: A sell-off in sovereign debt pushed government bond yields across major economies to multiyear and, in some cases, multi-decade highs in the past month, as investors demanded higher returns to compensate for elevated government borrowing, sticky inflation and uncertainty over the interest-rate outlook.The US 10-year Treasury yield was at its highest since 2002, while Japanese government bond yields touched levels last seen in 1996. The repricing reverberated across global fixed-income m…
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