Global Bond Market Staggers Amid Economic Strain and Inflation Worries

The global bond market concluded a tumultuous week on a shaky note, as fallout from the Iran war signaled greater economic damage and accelerated interest rate hikes by central banks.

U.S. Treasury yields reached a one-year peak as investor confidence wavered in light of inflationary pressures fueled by energy shocks. European and Japanese bonds reflected similar trends.

Globally, central banks are seen favoring rate hikes over cuts with economic resilience and AI advancements testing financial stability in the face of heightened energy costs.

(With inputs from agencies.)