"Sell-off of tech stocks" dominates the headlines, but the long bond storm is being overlooked

As the sell-off of U.S. tech stocks becomes the focus, the bond market is facing pressure that has gone unnoticed. The yields on 30-year government bonds in Germany and France have risen to their highest levels since 2011, while Japanese government bond yields have also reached multi-year highs. Rising debt levels are prompting governments to issue more bonds, with some countries like Japan needing to raise interest rates, while the U.S. and the U.K. are facing inflationary pressures. The bond sell-off may signal a rebound in supply in September