Bond Market Selloff: Are Surging Yields a Threat to the Global Stock Rally?

In equity markets, the myth goes that the only way is up. That perception has gained traction as global stock prices have largely ignored the selloff in bond markets. Yields...

By Sagarika Jaisinghani, Alice Gledhill and Margaryta Kirakosian · Bloomberg Markets

In equity markets, the myth goes that the only way is up. That perception has gained traction as global stock prices have largely ignored the selloff in bond markets. Yields on long-dated government debt have surged to near two-decade highs as investors worry about whether inflation and fiscal deficits can be tamed, and as sovereign bonds compete with an AI-fueled corporate borrowing boom.