FirstFT: Global bond sell-off deepens

The global bond market is experiencing a significant sell-off, reflecting increased investor anxiety over rising interest rates and economic uncertainties. This downturn follows recent declines in Shein's shares during its Hong Kong debut and South Korea's announcement of a record budget increase, indicating a complex interplay between global financial trends and regional economic strategies. This situation underscores the interconnectedness of global markets and the potential ripple effects from shifts in investor sentiment and government fiscal policies.