Selloff in Global Bond Markets

‘Global bond markets experienced a significant selloff last week, sparking fears that something much more serious could be developing.
German bonds experienced their worst month since 2013. Yields on the country’s 10-year securities, regarded as the benchmark for European financial markets, rose to their highest levels for six months. In the US, the 10-year treasury bond yield climbed to its highest level since June. (The yield on a bond moves in an inverse relationship to its price.)
The biggest selloff and rise in yields was in Britain where the return on a 10-year bond rose to a post-Brexit referendum high. Gilts, as they are called, have recorded their largest loss since the turmoil of the global financial crisis in January 2009.’
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