Global Bond Rout: Sovereign Yields Hit 2008 Highs

TREE NEWS update: Global bond markets are experiencing their most severe selloff in nearly two decades, with the Bloomberg Global Aggregate Index yield reaching 3.72%, the highest since mid-2008. US 10-year yields spiked to 4.78%, Japan’s 10-year hit 3% for the first time in 30 years, and UK yields rose to 2008 highs, driven by hawkish Fed rhetoric, oil price surges, and fiscal concerns. Analysts warn that the era of cheap money may be ending, with 5% yields potentially becoming the new normal.