Global bond yields have risen sharply in recent weeks, putting pressure on the stock market. The 10-year US Treasury yield has reached its highest level since October 2023, surpassing the peak set in January 2025. This rise in yields is a global phenomenon, with countries such as France, Germany, the United Kingdom, and Japan also experiencing multi-year or multi-decade highs.

The increase in yields is attributed to investors selling bonds due to concerns over inflation and potential interest rate hikes by central banks. Government deficits are also a contributing factor.

Further information on the impact of rising bond yields on the economy is available from the source.