Yields on government bonds are around multi-decade highs as investors cast a wary eye on fiscal deficits and the renewed fighting in the Middle East
A storm is gathering in bond markets across the globe as yields on government debt are in many cases near multi-decade highs.
High and rising government debt levels pose a problem for bond markets for which no solution seems imminent. The rising deficits, meanwhile, are colliding with diminished demand for government debt.
On top of this, renewed fighting in the Middle East earlier this week pushed oil prices higher and elicited concerns of what one Wall Street analyst called an “inflation monster.”
Read the full article at RT.COM
