Government bonds from Tokyo to New York extended losses on Monday as rising energy prices due to the Iran war fanned inflation fears and stoked investor wagers on rate hikes from central banks around the world.
Benchmark 10-year U.S. Treasury yields, which move inversely to prices, jumped as much as 3.6 basis points to their highest since February 2025 at 4.631%, in early Monday trading, having climbed more than 20 basis points last week.
