The bond market is reeling after an oil-driven surge triggered inflation concerns, wiping out a popular bet on the Federal Reserve’s interest rate cuts in 2026. Key central banks warned of rising inflation, causing short-term yields to spike and erasing expectations for future rate reductions.
Source: https://www.bloomberg.com/news/articles/2026-03-20/bond-market-s-big-2026-fed-bet-flipped-on-its-head-by-oil-surge