Story perspectives
Global Bond Selloff: Yields Surge Amid Inflation Woes
1/11/2025
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Story summary
- Global bond markets experienced a selloff, with the US 10-year Treasury yield surpassing 4.7%, a peak since April.
- UK and German bond yields rose due to inflation worries and increased bond supply.
- The dollar gained strength, leading to declines in currencies like sterling and the euro.
- President-elect Trump criticized high interest rates, attributing them to inflation and fiscal policy uncertainty.
- The term premium for 10-year notes increased, indicating investor apprehension ahead of the new administration.
