Global Bond Sell-Off Resumes as Surging Oil Prices Stoke Inflation Fears
Major global bond markets are once again facing significant selling pressure, with long-end government bond yields rising in tandem across multiple countries. International oil prices have remained elevated against the backdrop of Middle East geopolitical tensions, further intensifying investor concerns over a return of inflation. Against this backdrop, the monetary policy paths of major central banks face new uncertainty, and volatility across global capital markets has notably increased.