May 15th, 2026

Global Bond Selloff Deepens as Rising Oil Prices Spook Investors

Government bond markets tumbled around the world, sending yields surging from Japan to the US on intensifying fears that the war-driven price shock will force central banks to raise interest rates. Ian Lyngen, Head of US Rates Strategy at BMO Capital Markets, discusses the rise and why the US 30-year over 5% is particularly concerning.