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Global bond sell-off deepens as $100 oil stokes stagflation fears
The yield on German 10-year bonds, seen as the euro area benchmark, crossed 3.5% on Friday for the first time since April 2011.
AI Summary
Global borrowing costs rose further on Friday as high energy prices weighed on economic prospects worldwide. The yield on German 10‑year government bonds, the euro‑area benchmark and a traditional safe haven, surpassed 3.5 %, the first time it has done so since April 2011. The increase reflects concerns that soaring oil prices could fuel inflation and slow growth, adding pressure to bond markets. LSEG data shows the rise in the German yield, underscoring the broader trend of tightening global debt conditions.
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