A global sell-off in government bonds widened on Thursday, September 24, 2026, as oil prices held above $100 a barrel, the Financial Times reported. Yields on US Treasuries continued climbing after the 10-year note reached a 19-year high, according to CNBC, which attributed the move to investors increasing bets on rate hikes.
The rise in borrowing costs was not confined to the United States. Bloomberg reported that climbing government bond yields are intensifying risks for heavily indebted nations. In the UK, Bank of England policymaker Lombardelli said interest rates are "increasingly likely to rise" if energy prices stay high, The Guardian reported.
The Telegraph reported that US borrowing costs have reached their highest level since 2007, citing fears that the economy is overheating. Together, the reports point to a market pricing in tighter monetary policy as expensive energy feeds inflation concerns.
What to watch next: whether oil holds above $100 and how central banks respond to rising yields at upcoming policy meetings.
