Bonds tremble as inflation hits new records

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Reuters

By Tom Westbrook SINGAPORE (Reuters) – Stocks steadied in Asia on Wednesday as Shanghai emerged blinking from two months of lockdown and a dip in oil prices dangled the prospect of a respite from rising energy prices, but nerves about inflation kept investors and bond markets on edge. Soaring food and energy costs drove eurozone inflation to a record-high 8.1% in May, overnight data showed, beating market expectations and stoking concern about rate rises not just in Europe but globally. Two-year German bund yields hit their highest in over a decade as investors sold out. Benchmark 10-year Trea…

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