Global Bond Yields Soar as Inflation Fears Mount

The yield on the 10-year Treasury reached its highest level since early 2025 at 4.80%, while the 30-year hit 5.248% last month, its highest in about 19 years.

Federal Reserve Chair Kevin Warsh signaled that the central bank may still need to raise its short-term rate if inflation stays elevated.

Investors are demanding more compensation for holding sovereign debt everywhere, pushing up yields globally.

The Treasury Department has responded with direct intervention, announcing it would at least double the size of its government debt buybacks.