Bond Yields Signal Risk-Off as Equities Resist and Oil Remains Firm
Fundamental Overview Global markets remain caught between rising bond yields, energy-supply risks and a resilient AI trade. Demand increased at both the 10-year and 30-year US bond auctions, yet yields continue pushing higher, increasing refinancing costs and reinforcing concerns around US debt. Attention now turns to US CPI. Headline CPI is forecast at 3.4% year-on-year,…