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The Guardian - UK
The Guardian - UK
Business
Heather Stewart and Phillip Inman

Global bond sell-off resumes as surging oil prices stoke fears about inflation

A Hana Bank dealer on the phone stands before a screen showing KOSPI stock data
Surging oil prices caused by intensifying tensions in the Middle East have fuelled inflation concerns across markets including South Korea. Photograph: YONHAP/EPA

Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation.

The cost of a barrel of oil jumped 6% to above $107 on Thursday amid concerns that advances by Houthi rebels along the Red Sea coast in Yemen could choke off Saudi crude exports.

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