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Global bonds tumble as flaring inflation spooks investors

The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury yields hit their highest since in around a year as traders anticipate the Federal Reserve may need to hike rates to rein in inflationary pressures stemming from Iran war-fuelled energy shocks.  [...]