Global bond sell-off intensifies as oil remains above $100

Source Summary

A broad sell-off in global bond markets is deepening, with rising yields putting pressure on public finances worldwide. Oil prices remain above $100 per barrel. Market expectations for a Federal Reserve rate increase in October have risen to approximately 70%.

Why it matters

Rising bond yields and elevated oil prices directly increase borrowing costs for governments and businesses, while Fed rate expectations signal tightening monetary policy that affects asset valuations globally.