Market turbulence as bond yields surge and Bitcoin falls

Bond Yields Surge, Sending Stocks Lower

The surge in bond yields has sent shockwaves through financial markets, with stocks tumbling and Bitcoin experiencing increased volatility. As investors grapple with the implications of higher interest rates, the bond market continues to assert its influence over other asset classes. In addition to the bond market sell-off, other factors, such as the bankruptcy filing of Chinese developer Evergrande, have added to the turbulence in global markets. Here’s a closer look at the key developments impacting financial markets.