Global Bond Yields Hit Multi Decade Peaks
Government borrowing costs across major economies have surged to multi decade peaks. The rise is driven by persistent inflation worries and increasing national debt loads.
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Government borrowing costs from the United States to Germany and Japan reached multi-decade peaks on Thursday morning amid heightened inflation worries and rising debt loads. The 10-year Treasury yield hit 5.34%, marking its highest level since 2002 after rising nearly 90 basis points in the third quarter. The debt selloff threatens to tighten financial conditions for households and corporations globally.
