Global Bonds Set for Worst Week in a Month as US-Iran Risks Rise

Global bond markets are heading for their worst week in a month as investors grow increasingly uneasy about a stalemate between the US and Iran.

Yields climbed across major markets this week, with those on two-year US, German and UK bonds heading for the biggest weekly increases in a month. Treasury two-year yields have risen 11 basis points since Monday to 3.81%, while UK two-year yields have risen 26 basis points to 4.37%.