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Fear that US interest rates will climb is spreading through global bond markets, where investors lend money to governments and companies by buying debt in exchange for regular interest payments.
At the same time, Houthi military advances in the Middle East are pushing oil prices higher.
Traders are watching both developments as they wait on inflation data due Friday, the next concrete test of whether rate fears have real backing.
Why bonds feel rate pressure first Bonds and interest rates move in opposite directions. When central banks raise their benchmark rate, the cost of fresh borrowing goes up.
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