Original title: Global Bond Selloff Is Extending With Longer Debt Leading Losses
Global bonds are facing renewed selling pressure as jitters around inflation, debt sales and fiscal discipline erode sentiment toward what had previously been some of the world’s safest assets. Yields on Japan’s 20-year notes climbed to the highest since 1999 on Wednesday, while Australian 10-year bond yields rose to levels last seen in July. Treasury yields also rose, with those on benchmark 30-year debt approaching to within a whisker of the closely watched 5% level.