Global bond markets faced renewed selling pressure as the U.S.-Iran conflict escalated, sending oil prices soaring. This surge has prompted traders to bet against central bank rate cuts this year, with some now anticipating hikes. Short-dated bond yields, particularly in Europe, climbed sharply as investors braced for a more hawkish monetary policy stance due to prolonged energy price inflation.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets