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Heard on the Street: High government debt is adding fuel to the global bond market selloff
The ongoing bond market selloff is intensifying, largely driven by surging oil prices and concerns over high government debt levels. As fiscal constraints tighten across various economies, bond yields are expected to rise, creating a challenging environment for currency investors. This is pertinent now as central banks grapple with inflationary pressures and the risk of escalating debt dynamics. The interplay between commodity prices and fiscal health adds another layer of complexity to currency valuations.