Global bonds slump monthly as Iran war fears spark stagflation and higher for longer rate bets

Published on 24 April 2026

Oil above 100 shifts traders from safety to higher rates

Global government bonds are set for steep monthly losses as fears tied to the Iran conflict boost worries over stagflation, with investors pricing hotter inflation and weaker growth. Short-dated debt steadied briefly, but oil pushing above $100 is driving bets on higher-for-longer interest rates, reducing the appeal of safe-haven government debt. China’s bonds are comparatively resilient.

Middle East conflict fears are pressuring global bond markets this month
Stagflation concerns are outweighing demand for safe-haven debt
Oil above $100 is fueling higher-for-longer rate expectations
China’s bonds are holding up better than peers

#global bonds #interest rates #geopolitics #oil prices #stagflation

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Global bonds slump monthly as Iran war fears spark stagflation and higher for longer rate bets

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