September 30, 2026 8:18 AM
Bonds set for bruising September; stocks fare better
Global bonds wobbled on Wednesday and were set for their worst month in years, hit by a toxic mix of deteriorating government finances, a glut of issuances and rising inflation as the seven-month-old US-Israeli war on Iran keeps energy costs elevated. Meanwhile, stocks fared better, largely unfazed by the surge in bond yields and were upbeat in Asia. The rise in borrowing costs has been front-and-centre for investors, given that sovereign yields are an anchor for global markets, a reference pr...