Yields surge globally as inflation fears trigger bond sell-off

10-year Treasury yield hits 19-year high one expectations of Fed rate hike this week Central banks around the world are under pressure to raise interest rates in the face of higher inflation. (Nikkei montage/Source photos by Akira Kodaka) TOKYO — Long-term interest rates are rising sharply around the world, fueled by higher oil prices and government spending in major economies, sending U.S. Treasury yields to a 19-year high and yields on Japanese government bonds (JGB) to their highest level in three decades on Tuesday.

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