EconomyGlobal bond sell-off intensifies as US-Iran tensions stoke inflation fears
The global government bond sell-off has resumed, pushing the yield on 10-year UK gilts to just below 5.3%, its highest level since mid-2008. Investors fear rising inflation and widening deficits, while renewed US-Iran fighting has lifted oil prices and increased expectations of further interest-rate rises, complicating John Healey’s preparations for his first budget.
TThe Guardian★★★★☆2026-09-02 08:54Original
Global bond sell-off intensifies as US-Iran tensions stoke inflation fears
Economy