Global bond markets in turmoil as oil prices surge and inflation fears mount. US 10-year yields jumped over 11 basis points to nearly 4.60 percent, marking the largest weekly gain since April 2025 tariff shock. Japan's 30-year yield hit 4 percent for the first time since 1999, while UK gilt yields reached 28-year highs amid political uncertainty. The selloff reflects growing concerns that central banks will need to tighten monetary policy to combat rising consumer and wholesale prices. Crude oil continues climbing as US-Iran tensions disrupt critical shipping through the Strait of Hormuz. Higher bond yields increase borrowing costs for governments and businesses, threatening to slow global economic growth. Finance ministers from the G7 plan to discuss the market turmoil at meetings next week in Paris.
