Global bond yields hit three-year highs on oil spike
Global bond yields are hitting multi-decade highs as the 10-year U.S. Treasury yield edges toward 5% and German Bunds surpass 3.5% for the first time since 2011. The selloff is driven by sustained oil prices above $100 and growing stagflation fears, with France cutting its growth forecast and analysts warning of potential crude spikes to $120.
Per GN auto markets/bonds: bond yields, German 10-year Bunds have breached 3.5% for the first time since 2011, while HSBC analysts warn that persistent Strait of Hormuz disruptions could push Brent crude to $120 if diplomatic efforts stall. Additionally, France has downgraded its 2026 growth outlook to 0.4% as stagflation concerns intensify across European economies.
Source: GN auto markets/bonds: bond yieldsNew details from GN auto markets/bonds: bond yields reveal that Asian markets are extending the global selloff, with Australia's three-year bond yield jumping to a 15-year high of 5.047% and Japan's 10-year yield climbing to 2.97% ahead of an expected rate hike by the Bank of Japan next week.
Source: GN auto markets/bonds: bond yieldsThe 10-year U.S. Treasury yield rose to 4.97%, approaching the 5% threshold. Brent crude reached $109.97 per barrel. Global equity markets fell as inflation risks increased.
Source: GN markets/inflation (en-US)
