Global Bond Sell-Off Likely to Continue, ICICI Bank Warns

ICICI Bank Research says the global bond sell-off will persist near term, driven by fiscal deficits, rising debt, AI infrastructure borrowing and tighter monetary policy. The 10-year US Treasury yield hit 5.3 per cent, its highest since 2002, with German, French, UK and Japanese yields also at multi-decade highs. Yields may peak in early 2027.