Global Bond Markets Hit by Multi-Decade High Borrowing Costs Amid Inflation and Fiscal Worries

Summary

Global borrowing costs are reaching multi-decade highs as inflation and fiscal concerns intensify, with US 30-year Treasury yields surpassing five percent and Japan's 10-year borrowing costs nearing a 30-year peak. Long-term yields in Europe have also hit some of their highest levels in years, creating widespread ripple effects across economies and financial markets.