Global Bond Selloff Deepens, Pushing Yields to Multi-Decade Highs

Bond markets extended their retreat in the session, sending global yields to multi-decade highs as investors priced in persistent inflation pressure. Equities fell alongside bonds, a pattern that shows investors are not rotating out of one asset into the other but pulling back from risk broadly. The dollar strengthened further as the selloff continued, a move consistent with capital seeking safety rather than chasing yield abroad. Higher borrowing costs from rising yields tend to weigh on rate-sensitive sectors and stretch valuations for long-duration growth stocks. What remains unresolved is how central banks respond if yields keep climbing. The wires did not specify a particular data release driving the latest leg higher, leaving open whether this is a durable repricing of inflation expectations or a shorter-term spike.