As global geopolitical and macroeconomic uncertainty rises, financial markets are displaying strains across the board, and no asset has been spared, from stocks to exchange rates to corporate bonds to commodities. Yet, at the center of it all are once again the markets for government bonds after more than a decade of relative calm following the crisis of the Euro. Inflation, political risk, trade wars, tariff uncertainty, and burgeoning debt have all been rocking sovereign bond markets at the same time when several governments around the world increasingly rely on them to fund expanding budget deficits. Central banks continue to hold large amount of these securities, whose gyrations affect their ability to pursue stabilizing monetary policies. This turmoil is likely to continue, and so are the unprecedented challenges currently faced by global capital markets.