Global Bond Yields at Multiyear Highs on Mounting Inflation Risk

Global bond yields hovered near multiyear highs as rising energy prices stoked inflation concerns.

While the moves were subdued compared with the rout that swept markets on Friday, 30-year US yields were the most elevated since 2007 and the rate on similar-maturity German debt was the loftiest in 15 years. Japanese government bonds notched the biggest losses, with the 30-year yield surging to its highest since the maturity was first sold in 1999.