Global bond markets have seen a significant rout, with yields rising across various regions. The UK's public deficit has also surpassed expectations, sparking concerns about the country's economic outlook. The global bond market turmoil is attributed to a combination of factors, including central banks' monetary policy decisions and investor sentiment.

Source: https://www.bloomberg.com/news/audio/2024-10-22/global-bond-rout-uk-deficit-overshoot-more