Persistent inflation in the United States is triggering another selloff in the bond market. The yield on 10-year government bonds briefly rose back above 5 percent. At the same time, the probability is increasing that the US Federal Reserve will raise rates more aggressively than usual in December. The latest US inflation figures have unnerved international investors. On Tuesday, the yield on two-year US government bonds briefly climbed to 4.76 percent, the highest level in more than two years. Ten-year US Treasuries temporarily yielded more than 5 percent. According to official figures, prices in the United States rose by 0.4 percent in October from the previous month, while economists had expected only 0.3 percent.
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