Long-dated government-bond yields hit multi-decade highs across the US, Japan, Germany, and the UK at once, on a Middle East oil shock. We cover the global bond move and the OECD's record-issuance backdrop, Europe's growth-down, inflation-up forecast, Bank Indonesia's surprise hike, and the structural power demand under the cyclical energy story — then ask, in the long take, whether the long bond is still the universal owner's anchor.

Full brief and sources: universalassetowners.com