The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompted investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury yields hit their highest in around a year as traders anticipated the Federal Reserve may need to hike rates to rein in inflationary pressures stemming from Iran war-fuelled energy shocks. Euro zone bonds, including German, Italian and French, came under fire, along with UK gilts, while Japanese bond yields hit record highs. Italian 10-year bonds were among the worst performers, with yields up 7.4 basis points to around 3.86%, bringing the rise for the week to nearly 14 bps, while benchmark German Bund yields rose almost 6 bps to around 3.11%. Inflation data this week has shown consumers and businesses are starting to see big increases in price pressures as a result of the war, which has pushed up the price of crude by more than 50%.