Business
Mounting Inflation Pressures Deepen Global Bond Slide
A weekslong rout in global government bonds intensified Friday, sending the yield on the benchmark 10-year U.S. Treasury note to its highest level in more than a year, and halting a stock rally that had just carried the S&P 500 and Nasdaq composite to new records.
Bonds have been hurt for months by the rise in energy prices sparked by the U.S.-Iran conflict. But they came under particular pressure Friday thanks to a confluence of disparate developments worldwide, dragging down major indexes from Tokyo to New York, with the S&P 500 dropping 1.2% from Thursday’s all-time high.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
You must be logged in to post a comment Login