Global bond yields soar to multi-decade highs

Global bond yields rose as investors weighed concerns about inflation, government borrowing and the economic impact of escalating tensions involving Iran.

U.S. Treasury yields moved higher, while government bond yields in Japan and the United Kingdom also came under pressure.

Investors are increasingly concerned that higher energy prices could fuel inflation, making it harder for central banks to lower interest rates.

The developments come as markets assess the potential economic consequences of conflict involving Iran and disruptions to energy supplies, CNBC has reported.

The rise in bond yields reflects growing uncertainty in global markets as investors balance inflation risks against expectations for future interest-rate cuts.