Global bond selloff deepens as US launches fresh attacks on Iran

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Oil prices rose, stocks fell and bond yields spiked after the US launched fresh attacks on Iranian targets. Japan's 10-year bond yield hit 3% for the first time since 1996. The deepening global selloff comes amid fears over rising inflation and concern over mounting government debt - which in the US has risen above 40 trillion dollars. Meanwhile, in the single-currency Eurozone, inflation rose to the highest level in three years in August, driven by higher energy prices.