Bond yields in US, UK, Germany France and Japan rise after ceasefire ends and Trump threatens to bomb Oman
Government borrowing costs continued to rise to levels not seen in decades on Tuesday, as hopes of an end to the US-Iran war faded.
Concerns about the inflation outlook worsened after the ceasefire between Washington DC and Tehran ended on Monday night without an agreement, with no progress on the reopening of the strait of Hormuz.
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This article was originally published by The Guardian and written by Julia Kollewe and Graeme Wearden.
Read original article on The Guardian