Global bond sell-off storm sweeps across markets, dollar rides the momentum to a 17-month high! Euro becomes the "disaster zone"

Zhito Finance APP has learned that on Friday, the US dollar hovered near a 17-month high and was on track for a third consecutive weekly gain. Against the backdrop of inflation concerns intensified by rising oil prices, global bond markets suffered a large-scale selloff, pushing borrowing costs around the world to multi-decade peaks while also fueling the dollar's strength.