Live: Bitcoin surges on US policy signals, market down on plan to 'collapse' Iran's economy
Global bond markets are facing pressure due to geopolitical tensions in Iran, rising inflation, and US fiscal concerns. Despite US Treasury intervention efforts, analysts remain skeptical that these measures will effectively contain rising yields given current economic fundamentals.
Why it matters
Rising bond yields impact global borrowing costs and reflect broader investor anxiety regarding US debt and inflation.
Pressure on global interest rates to continue: Bassanese D By David Taylor
Betashares chief economist David Bassanese has joined the bond yield conversation.
As a little backgrounder, traders are selling bonds this week due to the Iran war, the US fiscal position, rising inflation, Japanese economic troubles, among other reasons.
It's seeing the yields on those bonds push up to levels not seen since just prior to the global financial crisis.
Perhaps the biggest surprise this week was the US Treasury’s announcement that it would be buying longer-dated Government bonds, presumably with a view to limit the current upward pressure on yields.
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