Global Bond Market Selloff Pushes Borrowing Costs Higher Amid Inflation Risks

The global bond market is experiencing a sharp selloff, pushing borrowing costs higher as investors assess the impact of rising energy prices and inflation risks.

Short-term US and euro zone yields have reached multi-year highs, while 30-year yields in major markets are hovering around levels not seen in over a decade.

The European Central Bank is widely expected to raise interest rates by another 25 basis points on Thursday, matching its June move.