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 Thursday

Oil prices surge, causing a global bond sell-off amid inflation fears. Crude oil reaching a new all-time high by December 31 at 16.5% YES.

German 10-year Bund yields surged past 3.2%, hitting levels not seen since 2011 as Middle East tensions and ECB rate hike expectations reshape