Global bond markets sold off this week as investors worried about lingering inflationary pressures and heavy government borrowing.
A selloff in the $28 trillion US Treasury market deepened after a blowout employment report reinforced bets among traders and Wall Street economists that the Federal Reserve will hold off on further interest-rate cuts. Britain’s latest bond turmoil has drawn comparisons with the Liz Truss mini-budget debacle of 2022, while yields in Japan climbed to the highestBloomberg Terminal in over a decade.