Global bond yields hit multi-decade highs as US-Iran peace hopes fade
Government borrowing costs rose to multi-decade highs on Tuesday as hopes for a lasting US-Iran ceasefire faded.
The yield on the 30-year US Treasury bond rose to 5.324% on Tuesday, marking its highest level since June 2007.
Oil prices climbed above $91 a barrel on Tuesday after threats related to regional negotiations, heightening investor fears over inflation and interest rates, the Guardian reports.