Global Bond Selloff Deepens as US Launches Fresh Attacks on Iran The latest bond selloff is a stark reminder that financial instability can spread rapidly across borders and markets.
Last week's US attacks on Iranian targets sent shockwaves through global capital, causing oil prices to surge, stocks to plummet, and bond yields to skyrocket.
Japan's 10 year bond yield breached the 3% mark for the first time since 1996, a threshold often seen as a harbinger of trouble in fixed income markets.