Bond Investors Can’t Escape the Relentless Pressure From Oil Prices
Yields are rising everywhere as inflation picks up
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Two and a half months after the US and Israel kicked off a war against Iran, the persistent disruption to the oil market is fueling renewed losses in government bonds.
Yields on US Treasuries have risen every day this week, pushing the 10-year to 4.54%, the highest in about a year. Sovereign bonds, as measured by Bloomberg indexes, have handed investors losses for the year in the US, the UK, the euro area and Japan.