Investors fear bond market turmoil is entering a new phase


Rising volatility in government bond markets is intensifying fears on Wall Street that this year’s wild swings in the world’s safest assets could further destabilize already shaky financial markets.

The worst bond rout in a generation lifted the yield on the 10-year U.S. Treasury above 4% for the first time in more than a decade on Wednesday, before the Bank’s emergency measures England did the biggest one-day rally for over 13 years. The yield, a benchmark for borrowing costs on everything from mortgages to business loans, fell a quarter of a percentage point in one day.


Wj

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