Bond Markets Sound Alarm on Inflation as Global Repricing Accelerates

The global bond market is experiencing a brutal repricing of money as investors in major economies face a synchronized increase in borrowing costs, warns Nigel Green, CEO of deVere Group.

Brent crude has surged back above $105 a barrel and the 10-year US Treasury yield has climbed to 5.15%, its highest since 2007, dragging bond markets across Asia, Europe, and the Pacific down with it.

The damage is spreading fast, with Japan's 10-year yield hitting 3.08%, its highest since 1996, UK 10-year gilts touching 5.39%, and German Bund yields reaching 3.58%.

Nigel Green says: 'There's nowhere to hide in sovereign debt right now.' He adds that investors can't simply rotate between regions for shelter when correlations snap together like this.