Global Bonds Battered as Inflation Fears Push 30-Year Treasury to 20-Year High
Global bond markets are suffering a severe sell-off as mounting inflation data spooks investors worldwide. The 30-year US Treasury yield has climbed to its highest level in nearly two decades, reflecting deep concerns about the long-term inflation outlook. The bond rout has spilled over into equity markets. The Dow Jones Industrial Average plunged 400 points, with the S&P 500 and Nasdaq Composite also posting significant losses. Oil price volatility has further amplified the selling pressure. ...