Bond Selloff May Mean Fewer Rate Hikes From Global Central Banks

Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest-rate hikes needed to get inflation under control.

The significance of this report depends on the decisions, official reactions or confirmation that follow. The current assessment is initially based on reporting by Bloomberg.

Readers should distinguish established facts from initial claims. Practical consequences will become clearer through responses from authorities, markets or independent sources.

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