Global bond yields soar to multi-decade highs as Middle East turmoil reignites inflation fears

U.S. Treasury yields and government bond yields in Japan and the United Kingdom reached multi-decade highs Tuesday following escalated U.S.-Iran hostilities. Oil prices rose amid concerns about potential supply disruptions from the region. Bond markets in the U.S., Japan, and the U.K. all posted significant yield increases on the same trading day.

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