Global developed-market bond yields hit multi-decade highs as inflation concerns and heavy supply demand a higher term premium, while emerging markets have held steady.
The article explicitly says developed-nation government bond yields are at multi-decade highs because investors demand higher compensation for inflation and large fiscal deficits. Higher real and nominal yields imply falling bond prices and persistent duration pressure on long-dated US debt. Short-term, momentum favours higher yields until inflation data or fiscal signals shift the term premium.
Developed-market government bond yields have climbed to multi-decade highs as investors demand greater compensation for sticky inflation and heavy sovereign borrowing. The US leads the repricing, forcing term premia higher across developed-nation curves. Emerging-market assets have so far absorbed the selloff without major stress, a resilience that contrasts with past episodes of developed-market bond turmoil.