Global bond markets came under renewed pressure Friday as oil prices hovering above $100 a barrel intensified fears that the latest energy shock could leave major economies facing an uncomfortable combination of stubborn inflation, weak growth and higher borrowing costs.
Germany's 10-year government bond yield, the benchmark for the euro area and traditionally considered one of the world's safer sovereign assets, crossed 3.5% for the first time since April 2011, according to LSEG data cited by CNBC.
