Global Rate Shock: October Opens with Panic as Yields Hit Multi-Decade Highs

A sharp rise in interest rates across major economies at the start of October has pushed yields to multi-decade highs, triggering panic among market participants, per SEB strategist Amanda Sundström. The move threatens to raise mortgage costs and pressure equities, signaling a potential tightening of financial conditions. The sustainability of this rate spike and its impact on central bank policy remain uncertain.