Global bond selling, surging oil send markets lower - RTHK Apps A A A 繁 简 Eng Menu News Homepage Latest News Video Gallery News Programmes Photo Gallery News Bulletins News Archive Send To RTHK News Error News Archive Live Video News Search 2025 2026 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Latest News Local Greater China World News Finance Sport News Bulletins Photo Gallery Video Gallery Can search within past 12 months Home Global bond selling, surging oil send markets lower 2026-09-02 HKT 07:24 Share this story The resumption of hostilities in the Middle East has sent oil prices higher. File photo: Reuters A sell-off of bonds from key countries worldwide deepened on Tuesday, sending government borrowing costs soaring and equities lower as investors fretted that energy-driven inflation would force central bankers to hike interest rates. Renewed fighting between the United States and Iran on Tuesday pushed oil prices higher, stoking fears of tighter monetary policy that could weigh on economic growth. Heavy bond selling sent the interest rate on 30-year UK government bonds to the highest since 1998, while the 10-year yield surged to a level not seen since the global financial crisis of 2007-08. Japan's 10-year bond yield hit a 30-year high of three percent, reflecting worries about plans for massive government spending. The yield on the 30-year US Treasury bond stood at just under 5.3 percent, not far from levels last seen in 2007, while the 10-year yield also rose to its highest level since the global financial crisis. The fact that bond yields and oil were both up "puts pressure on the economy," said Adam Sarhan of 50 Park Investments. "Inflation is already above the Fed's expectations" and oil going up is worsening that, he said. "That likely means the Fed will have to wait longer before it can cut rates (and) it might have to raise rates." Patrick O'Hare at Briefing.com pointed to the same under