A significant selloff in global bond markets has been exacerbated by rising energy prices, particularly with oil climbing above $91 a barrel. This surge has reignited fears of inflation, pushing sovereign bond yields to their highest levels since 2008. Analysts are reacting to the situation as it unfolds, pointing out that expectations of interest rate hikes from the Federal Reserve, along with turmoil in the Middle East, are contributing factors to the instability in both bond and stock markets. The latest reports indicate that Asian markets are also feeling the pressure, with yields increasing and concerns about market volatility growing.