Global Bond Selloff Deepens as Iran War Fuels Inflation Fears

G7 finance ministers meeting in Paris will discuss public debt and market volatility amid global economic concerns.

The Treasury Department building at dusk in Washington on June 6, 2019. Patrick Semansky/AP Photo

Government bonds from Tokyo to New York extended losses on Monday as rising oil prices linked to the Iran war continued to push inflation fears.

Benchmark 10-year ‌U.S. Treasury yields jumped as much as 3.6 basis points to their highest since February 2025 at 4.631 percent in early Monday trading.