ING Confirms No Signs of Reversing Bond Yield Uptrend on May 18

According to ING, on May 18, the bank’s interest rate strategists said there are no signs of reversing the upward trend in global bond yields. The strategists cited rising oil prices and unresolved Iran conflict as key drivers, adding that markets are increasingly pricing in more persistent inflation expectations rather than viewing inflation as a temporary phenomenon. Price pressures have expanded beyond energy to other economic sectors, ING noted.