Global Bond Bloodbath as Middle East War Fuels Fed Rate Hike Fears

The global bond market is in open revolt. Yields on government debt have surged to 18-year highs this week, driven by a toxic cocktail of Middle East conflict, persistent inflation, and massive government borrowing. This isn't a slow grind—it's a violent repricing of the world's safest assets, with the U.S. 10-year Treasury yield and European sovereign bonds all selling off sharply.

Headwinds

Factors pushing yields higher and threatening growth:

• **The Iran War...