New YorkUS 30-year Treasury yields hit their highest since 2002.
UK 30-year gilt yields followed, back at 6%, as the sell-off spread to Europe.
Brent crude back above $100 raises inflation fears, so investors expect more rate rises and demand more to hold long debt.
Break-even inflation rates show long-run expectations stable near target in most countries, so central banks keep credibility.
Polymarket traders give 83% odds the Federal Reserve holds rates when it decides on 28 October, up 27 points in a week.
How each outlet framed it
- Bloomberg Business
- Financial Times News
- invokes Warsh's 'overdetermined' thesis—multiple competing but unprovable theories for 1pp G7 10-year yield rise; defers analytical settlement
Sources: Bloomberg Business, Financial Times News