Financial markets are experiencing significant turbulence as fears surrounding fiscal policies lead to a sharp selloff in global bonds and a decline in stock prices. The U.S. 30-year bond yield hit 4.98%, while European long-dated bond yields reached multi-year highs amid rising inflation concerns and economic uncertainties. As traders abandon equities in favor of the more secure dollar and gold, the gap between German and French bond yields has widened significantly. Fiscal jitters in major economies, including the U.S., U.K., and France, have triggered a traditionally poor month for long-dated bonds, exacerbating market volatility and raising worries of potential economic instability.