📈 Global bond markets hit high notes due to inflation fears
Long-term borrowing costs across the US, Japan, and Germany spiked to decades-high levels on Tuesday. This surge was fueled by renewed inflation concerns and worries over fiscal pressures in major global economies. US thirty-year bond yields reached their highest since 2007, partly because oil prices rose past $90 a barrel. Meanwhile, Japan faced inflation anxiety alongside speculation of a potential September interest rate hike. Market sentiment reflects broader concerns over high public debt levels across many nations.