Global Bond Sell-Off 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 in Washington on June 6, 2019. Patrick Semansky/AP Photo

Government bonds from Tokyo to New York City extended losses on May 18 as rising oil prices linked to the Iran war continued to push inflation fears.

Benchmark 10-year ‌U.S. Treasury yields jumped by as much as 3.6 basis points to their highest level since February 2025, at 4.63 percent in early May 18 trading.