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

A report from The Guardian — Business focuses on “Update: Global bond sell-off resumes as surging oil prices stoke fears about inflation” and sets out the main development contained in the supplied source material.

Crude jumps above $107 a barrel against the backdrop of concerns over Middle East conflict and out-of-control government borrowing 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 report also notes that The cost of a barrel of oil jumped 6% to above $107 on Thursday against the backdrop of concerns that advances by Houthi rebels along the Red Sea coast in Yemen could choke off Saudi crude exports.

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