Bond yields surge as Iran war stirs inflation fears almost a month into the conflict 😔

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Yields on government debt in Europe and the US have risen due to the Iran war's negative impact on the global economy, particularly energy markets. The 2-year notes have increased more than 10-year notes, indicating a potential economic recession. The UK bond market is under significant pressure, with yields reaching highs not seen since 2008. Other European countries also experienced yield surges, reflecting deteriorating confidence in long-term growth. US Treasuries followed a similar trend but with less severity.