Christine Lagarde says the sell-off in bond markets reflects higher oil prices

The head of the International Monetary Fund said today that the sell-off in global bond markets reflected the impact of higher oil prices.

International Monetary Fund managing director Cristalina Georgieva made the remarks while addressing a meeting of finance ministers from the Group of Seven (G7) countries in Paris.

The IMF’s managing director, Cristalina Georgieva, made the remarks while attending a meeting of finance ministers from the Group of Seven (G7) countries in Paris.

For her part, European Central Bank chief Christine Lagarde was asked today, coming to the meeting, whether she was concerned about the sell-off in the international bond markets, she replied to reporters: “I’m always worried, that’s my job!”

Asian stock markets posted losses today as drone attacks in the Gulf drove up oil prices and bond yields.