💨 Abstract

A global bond selloff continues, boosting the US dollar and pressuring stock prices. The 10-year U.S. Treasury yield hit a high of 4.73% on Wednesday, with investors scaling back expectations for Federal Reserve rate cuts due to strong U.S. economic data. European government bond yields also surged, with the British 10-year gilt yield reaching its highest since 2008.

Courtesy: theprint.in