Global Bonds Sell Off as Inflation Fears Push Yields to Multi-Decade Highs

Global bond markets are under renewed pressure as rising inflation concerns drive yields sharply higher.
According to Reuters, the selloff has pushed yields across several major markets to multi-decade highs.
The move reflects growing concern that persistent inflation could force central banks to keep monetary policy tighter for longer than investors previously expected.
Higher yields also increase borrowing costs for governments, businesses and consumers while putting pressure on existing bond prices.
The repricing could spill into equities as well, particularly high-valuation growth stocks that are sensitive to changes in long-term interest rates.
For markets, the key question is whether inflation pressures continue building or whether weaker economic data eventually brings yields back down.