Key sections of the Treasury curve have inverted after Friday's US inflation shock.
A see-saw trend is gripping the world's largest bond market.
Fears of quickening inflation have torpedoed bonds worldwide.
The focus on central bank tightening isn't just confined to the U.S.
The flurry of sanctions against Russia has sent investors fleeing to save havens.
The Ukraine crisis has not dented bond-market certainty that rates will rise.
Soaring oil prices amid the Ukraine crisis sent shockwaves through the bond market.
Policy makers should stoke volatility to set off corrections in assets, firm strategist Zoltan Pozsar said.
Government bonds worldwide are extending declines after the worst six months since 2016.
Benchmark Treasury yields are holding near levels last seen in early 2020.