LondonAverage global government bond yields near 4%, the highest since 2007.
Mortgages, business loans and government interest bills all reprice upward.
Every $1 move in oil has tracked roughly 2 basis points on the 10-year Treasury yield since 2012, TS Lombard estimates.
Japan’s 10-year yield hit a 3-decade high Thursday as the Bank of Japan unwinds easy money.
How each outlet framed it
drawn from 150+ reports worldwide
- Bloomberg Business
- Aol
- reframes Treasury yields as driven by oil prices (2bp per $1 move) rather than Fed policy, amid Middle East conflict inflation fears
Sources: Bloomberg Business, Aol