(March 9): Global bond markets fell on Monday as an oil price shock prompted investors to price in higher inflation and a deteriorating economic growth outlook. Yields on benchmark 10-year US Treasuries rose more than three basis points to 4.17%, while the rate on policy-sensitive two-year notes jumped four basis points. German two-year yields surged nine basis points to 2.40% and their UK equivalents soared as much as 30 basis points to 4.17%, the biggest increase since October 2022. “Oil is arguably the single most important input into global inflation,” said Tim Murray, a capital market strategist in the Multi-Asset Division at T Rowe Price. Indonesian and Japanese debt markets also slumped, with the 10-year yen government yields surging by 11.5 basis points, while European bond futures retreated.

Source: The Edge Markets March 09, 2026 10:48 UTC