Global bond sell-off resumes as surging oil prices stoke fears about inflation
- Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation.
- The cost of a barrel of oil jumped 6% to above $107 on Thursday amid concerns that advances by Houthi rebels along the Red Sea coast in Yemen could choke off Saudi crude exports.
- The global bond sell-off that has rocked markets in recent weeks resumed in response to the news from the Middle East – which came against a backdrop of escalating concern about out-of-control government borrowing.
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- Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation.
- The cost of a barrel of oil jumped 6% to above $107 on Thursday amid concerns that advances by Houthi rebels along the Red Sea coast in Yemen could choke off Saudi crude exports.
- The global bond sell-off that has rocked markets in recent weeks resumed in response to the news from the Middle East – which came against a backdrop of escalating concern about out-of-control government borrowing.
Sources: Guardian