Shares Slip, Bond Yields Hit Multi-Year Highs on Inflation Fears

Visitors walk past Japan's Nikkei stock prices quotation board inside a conference hall in Tokyo, Japan, on Sept. 14, 2022. Issei Kato/Reuters

LONDON—Global equities slipped and bond yields hit multi-year highs on Tuesday after consumer prices hit a record in France and accelerated in Spain, adding to expectations that major central banks will need to continue tightening policy.

France’s European Union-harmonised consumer prices rose to a record 7.2 percent in February while Spain’s EU-harmonised 12-month inflation was 6.1 percent, up from 5.9 percent in January and above the 5.5 percent expectation from analysts polled by Reuters.