Global Bond Rout: Yields at Multi-Decade Highs

Yields hit multi-decade highs as global bond markets sold off sharply in the latest rout.

What happened

Government bonds across major markets declined simultaneously, pushing yields to levels not seen in decades. The move was driven by inflation expectations and policy uncertainty.

Market impact

Higher yields pressure equity valuations and raise borrowing costs. The rout affected sovereign debt, corporate bonds, and rate-sensitive sectors.