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Global Bond Market Timeline 2008-2026: Sell-Off & Yields

Bond yields are rising because investors want higher returns to lend money to governments amid persistent inflation, large deficits and heavy debt issuance. Re…

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FINANCIAL CRISIS

Financial Crisis Breaks the Old System

The global financial crisis forced central banks to slash rates toward zero and rescue financial markets on an emergency basis, making government bond markets the center…

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QE BEGINS

Quantitative Easing and Near-Zero Rates

Central banks began buying large volumes of government bonds to push yields lower and support lending, making government borrowing unusually cheap for over a decade.

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EUROZONE CRISIS

Eurozone Debt Crisis

Greece, Portugal, Ireland, Spain and Italy became symbols of sovereign-debt stress as investors doubted repayment, sending borrowing costs sharply higher and forcing bai…

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INFLATION SHOCK

Inflation Shock and Rate Hikes

Central banks raised interest rates aggressively to fight inflation that proved far from transitory. Bond prices fell sharply as yields repriced for a much higher-rate w…

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DEBT-SERVICE COSTS

Debt-Service Costs Bite

Governments rolling over cheap pandemic-era debt at higher rates began facing sharply larger interest bills, moving the issue from bond desks into political budget fight…

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GLOBAL SELL-OFF

The Global Bond Sell-Off

Reuters reported Japan's 10-year government bond yield hit 3% on 1 September 2026, first time since 1996. US 10-year Treasury yields rose to about 4.81% (highest since N…

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BOND VIGILANTES

Bond Vigilantes Return

Bond vigilantes are investors who sell government bonds or demand higher yields when they judge fiscal policy too risky — a market-discipline mechanism, not a prediction…

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