The global bond rate of return soared to decades of highs, and the Middle East's turmoil rekindled inflation concerns

On Tuesday, the return on government bonds in the major global markets rose significantly, rekindling inflation concerns as a result of the turmoil in the Middle East. In the United States, the 10-year sovereign debt return rose to a 20-month high, with an increase of 3 basis points and a transaction price of 4.7880 per cent. For the first time, Japan ' s return on its 10-year base country debt rose by more than six basis points, reaching 3 per cent, while its return on its short-term two-year period reached its highest level of 1.81 per cent in 31 years. At the same time, the British 10-year bond-rate (i.e., Pounds sterling bonds) increased by more than nine basis points, reaching 5.2341 per cent, the highest level since the 2008 global financial crisis. As a result of the retaliatory strikes by the United States and Iran in the Straits of Hormuz, which contributed to higher energy prices, inflationary pressures were again of interest to investors. The price of Brent crude oil rose by about 2.2 per cent to $92.38 per barrel, while the futures of West Texas crude oil rose by 2.61 per cent to $88.05。