Charting the Global Economy: Bond Yields Soar to Kick Off 2025
Commuters on Westminster Bridge in London.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
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 highest in over a decade.