Global bond markets faced renewed selling pressure Wednesday as rising oil prices linked to the U.S.-Iran war led traders to bet that central banks may have to scrap planned rate cuts and instead consider tightening policy.
Short-dated bond yields β which are sensitive to interest-rate expectations β shot higher as bond prices tumbled in the eurozone and Britain. Yields also rose in the United States.
"What the rates markets is saying is that this war leads to a prolonged rise in oil, and the path that central banks are on will have to sh
Continue Reading on Daily Sabah
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.