A global bond selloff pushed U.S. 10-year yields to 2007 highs and German Bunds to 2009 peaks as energy-driven inflation concerns dominate market sentiment ahead of the Fed's rate decision.
The 10-year U.S. Treasury yield surged to a 2007 high of 5.041%, signaling aggressive bond selling and bearish momentum.
Oil prices rose sharply on Middle East supply disruption fears, fueling inflation and higher rate expectations.
The 10-year German Bund yield climbed to 3.572%, the highest since 2009, as European bonds sold off.
The 30-year Treasury yield reached its highest since 2007 at 5.401%, reflecting deepening long-end selling pressure.
Japan's 10-year government bond yield hit a 30-year high of 3.036%, extending the global bond rout.
A unanimous Fed hike with signals of further tightening could extend the dollar's advance, supporting DXY.
European gas is cited as trading well beyond previous highs, adding to energy-driven inflation risks.
Global bond markets face intense selling pressure as the 10-year U.S. Treasury yield touched 5.041%, its highest level since 2007. Geopolitical tensions in the Middle East are driving oil prices higher, stoking inflation fears and forcing investors to price in a more aggressive monetary policy stance from the Federal Reserve and other central banks.
Yields are rising due to a combination of persistent inflation concerns driven by high energy prices, geopolitical tensions in the Middle East, and expectations that central banks will maintain or increase interest rates.