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Global bond yields are surging to multi-decade highs as inflation fears mount

The 10-year U.S. Treasury yield rose to 4.81% on Wednesday as Middle East conflict drives oil prices higher and rate hike bets grow

Renovation work continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on December 9, 2025 in Washington, DC. (Andrew Harnik/Getty Images)

Government bond yields reached multi-decade peaks across major economies on Wednesday, as a persistent selloff gathered momentum amid resurgent inflation concerns, higher oil prices, and intensifying expectations of central bank rate increases.

The 10-year U.S. Treasury yield rose to 4.81%, according to Reuters. Germany's 10-year bund yield reached 3.375%, its highest level since 2011,........

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