World shares on 10day losing streak
Bond market borrowing costs push higher after leap in oil
Dollaryen close to testing 150
Evergrande shares suspended in Hong Kong

LONDON, Sept 28 Reuters World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices heading for 100 a barrel compounded concerns about persistently high global interest rates.

There was brief respite from the dollar39;s strength in the currency markets FRX but it was Wednesday39;s big drop in U.S. crude stocks that jangled the nerves of another supplyside shock just when the global economy needs it least.

U.S. crude had hit 95 a barrel for the first time since August 2022 while Brent prices were nudging up in early London trading again after they had hit a oneyear high of 97.69.

It hoisted Europe39;s oil and gas stocks to the cusp of their highest since 2014 whereas the prospect of higher energy costs and sticky inflation piled pressure on bond markets.

Tenyear U.S. Treasury yields , which are the benchmark of global borrowing costs, were above 4.6 for the first time since 2007 having started September at 4.

TripleA Germany39;s yields were going higher again while Italy39;s news on Wednesday that its budget deficit was widening again sent its shorterterm 2year yields to a fresh 11year high.

What we have got is a beautiful inflection point, Mizuho39;s Head of Global Macro Strategies Trading, Peter Chatwell, said, explaining that markets were now…