Global Bond Sell-off Intensifies as Yields Rise Across Developed Economies

A confluence of factors, including rising inflation expectations, increasing national debt, and persistent geopolitical risks, is driving up borrowing costs across developed economies. Yields on 10-year government bonds in the UK have increased by 68 basis points to 5.22% as of September 1st, while benchmark 10-year U.S. Treasury notes are near 4.80%. Japanese government bond yields are testing 3.0% for the first time since 1996.