Global Bond Yields Surge Amid Rising Geopolitical Tensions

Since the US–Iran conflict escalated, global bond yields have surged sharply over the past 25 days:

🔹 US 10Y: +13.7%

🔹 US 20Y: +11%

🔹 Japan 10Y: +16%

🔹 Japan 20Y: +15%

For context, a similar move was seen in 2022 ahead of the US regional banking stress, including the Silicon Valley Bank collapse.

Bond markets often act as early signals of macro risk, reflecting expectations around inflation, liquidity, and geopolitical uncertainty.

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