Investors are finding few places to hide amid a fresh supply shock that has disrupted global markets. Traditional havens such as government bonds and gold are failing to provide their usual cushion. This is due to growing unease with inflation and debt, pushing yields higher even during risk-off episodes. The latest disruption is fueled by rising commodity prices and geopolitical tensions. Bond yields are climbing as markets reassess the path of inflation, effectively depriving portfolios of a key hedge. The producer price index rose 0.7% in February, far above the 0.3% predicted by economists. The concern is that this dynamic could repeat, even if economic conditions are less robust. However, some analysts believe risk assets could recover over a six-to-12-month horizon if clarity emerges on how the current shock resolves.