Global Bond Yields Reach 2008 High as Rate Risks Spread Worldwide

TLDR: Global bond yields are climbing, with the Bloomberg Global Long Bond Index yielding about 4.2%, its highest level since July 2008. Traders price roughly 400 basis points of interest rate hikes across seven major markets, while two-thirds of 32 tracked swap markets signal increases. South Korea leads the tightening outlook with more than 100 [...]

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