The Bloomberg Global Treasury Index yield has hit 3.68%, the highest since 2008, raising serious questions about capital flows into risk assets

The Bloomberg Global Treasury Index yield has hit 3.68%, the highest since 2008, raising serious questions about capital flows into risk assets

Such is the extent of the selloff that the average yield on the Bloomberg Global Treasury Index, which tracks government bonds of investment-grade countries, surged to 3.68% on…