Bond Yields Surge Across US, UK, and Japan as Powell Exit and Iran Energy Shock Squeeze Traders
Sovereign bond yields are spiking simultaneously across the US, UK, and Japan in mid-May 2026, compounded by the expiration of Powell's Fed chairmanship and geopolitical realignment from the Trump-Xi summit. The Iran war has pushed Americans' average annual gasoline costs up $857, while services inflation holds stubbornly above 3%. Fixed income traders face a synchronized sell-off across major markets with few safe-haven alternatives.
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