Global bond market posts worst quarterly performance since 2024, investors fret over inflation

Global government bonds are heading for their worst quarterly performance since 2024, with $100 oil once again threatening the global economy with stubborn inflation. A Bloomberg index of government bonds is on track for its biggest quarterly decline since the fourth quarter of 2024, when Donald Trump won a second U.S. presidential term and investors began positioning for more expansionary fiscal policy. U.S. Treasuries have been hit hard in the latest selloff, with the 30-year yield rising to 5.64%, the highest since 2002. Shorter-dated bonds also sold off during the same period.