Global bond selloff sends 30-year yield to highest since 2007; inflation fears grip markets

U.S. and global government bonds are in free fall as the 30-year Treasury yield hits 5.11%, its highest since May 2025 and approaching 2007 levels. Oil price shocks tied to the Iran war, combined with rising inflation expectations, are forcing a repricing of central bank policy and threatening to derail the multi-week stock rally, with equities and corporate credit now under pressure.