Business · 8 hours ago
Global bond sell-off returns as oil prices above $107 fuel inflation fears
Nervous investors are selling government bonds, causing borrowing costs to jump as oil prices passed $107 a barrel on Thursday. Concerns about Houthi rebels in Yemen blocking Saudi oil exports caused the oil price rise, which revives fears about higher inflation and interest rates. The yield on 10-year UK government bonds exceeded 5.37%, a level not seen since 2007.
Reported by The Guardian · How we write briefs