Bond.az reports: The bond market's alarm bells are ringing as yields surge, threatening the equity rally.
Japan's Nikkei fell over 1% after producer prices jumped. South Korea's KOSPI tumbled 3%. Europe is set to open 1% lower.
Geopolitical tensions in the Strait of Hormuz are driving oil prices higher, compounding inflation fears. The 30-year U.S. Treasury yield hit 5% for the first time since 2007.
The odds of a Fed rate hike have doubled to 45% in a week. Investors may want to tread cautiously heading into the weekend.
