Global Bond Selloff Deepens as U.S. 30-Year Yield Hits 19-Year High

On May 15 local time in New York financial markets, a global bond selloff spread as concerns grew that the inflation shock from the Iran war could last longer. Long-term government bonds in the United States, the United Kingdom and Japan weakened, while the U.S. 30-year Treasury yield rose to its highest level in 19 years. The jump in long-term yields shows investors are reflecting stronger price pressures and longer-run inflation risks. Markets are watching whether war-related inflation shocks will keep volatility elevated in major countries’ long-term bond yields. Source: yna.co.kr.