Markets move on fears of inflation crackdown

The Financial Times reports:

Fears that central banks around the world are planning a crackdown on rising inflation saw bond and futures markets move sharply on Tuesday, with a series of interest rate rises now priced into markets in the US, the eurozone and the UK.

The shift came after Ben Bernanke, the Federal Reserve chairman, warned of growing inflationary pressures, bolstering the view that all the world’s leading central bankers are on high alert.

Here's a look at the yield curve.