Economic TimesLean R·
Global bond yields surge as oil spike fuels inflation fears
Global bond yields reached multi-year highs as oil prices surged, increasing inflation worries. Share markets tumbled worldwide on Friday due to these escalating economic pressures. Investors increased bets on further interest rate hikes by central banks globally. Rising Treasury yields put pressure on mortgage rates and government financing costs. This combination of factors signals increased volatility across financial markets.
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