A global bonds selloff is going on, with yields on U.S. 10-year Treasury notes at a 16-year high, and yields also rising in the 19 Eurozone countries, including Germany. Italian bonds are at 5% for the first time since 2011. Even yields on Japanese bonds are rising.
Rising yields are ascribed to inflation fears and to increased government debt, i.e., increased bond supply on the market. Both are a consequence of central bank policies.
