Bond selloff deepens as rising energy prices stoke inflation fears

TOKYO, Sept 1 : Selling drove global bond yields to major new highs on Tuesday as renewed fighting in the Middle East lifted oil prices above $90 a barrel and put pressure on stock markets around the world.Japan's 10-year benchmark hit 3 per cent for the first time in a generation. The 10-year U.S. Treasury yield, a benchmark for prices across asset classes, hit its highest since early 2025 at 4.78 per cent and futures for French and German debt extended selling that earlier drove yields to 15-year highs."I think there is now something of a sense of resignation — tinged with helplessness — about rising interest rates," said Ryutaro Kimura, a senior strategist at BNP Asset Management in Tokyo, of the march upward in Japanese borrowing costs, which for years have been a reliable anchor for w