Global Bonds Sell Off as US 10-Year Yield Hits 24-Year High on Fiscal Worries
Global bonds experienced another sell-off on Thursday, intensifying pressure on government finances. Borrowing costs in the US, France, and Japan reached multi-decade highs, triggering broader market impacts including stocks.
By Alun John, Tom Westbrook and Dhara Ranasinghe Global bonds came under renewed pressure on Thursday, adding to stress on government finances, as borrowing costs from the US to France and Japan reached levels not seen in decades and spread into broader markets including stocks. European sh…