[Economist: Rising Global Bond Yields Reflect Prolonged High Inflation] Odaily Planet Daily News – Anthony Willis, senior economist at Columbia Threadneedle Investments, stated in a report that financial conditions have tightened—this is evident in the global bond market, where yields are rising significantly. He pointed out that due to rising energy costs, the market expects inflation to remain elevated for a longer period, leading to an upward trend in bond yields across many developed markets. Willis predicted that the European Central Bank would take the lead in raising interest rates at its June meeting, followed by the Bank of England in July. He remarked: 'As for the Federal Reserve, market expectations have undergone a significant shift this year, moving from aggressive rate cut expectations under the new leadership to current market pricing reflecting rate hikes over the next 12-18 months.' (Jin10)