economy
Leading economies’ borrowing costs hit highest since 2008 crisis
Concern over impact of Iran war pushes up government bond yields in US, UK, France, Germany and Japan
TL;DR
- Government borrowing costs in advanced economies hit highest levels since 2008 financial crisis or earlier.
- The Middle East crisis is fueling fears of persistently high inflation.
- Yields on French, German, US, and Japanese government bonds have significantly increased.
- Market anticipates potential interest rate hikes from the European Central Bank and the Bank of Japan.
- Japan's bond market faces pressure from yen weakness, inflation, and fiscal concerns.
- US 30-year Treasury yield reached its highest level since 2007.
- Japan's 10-year government bond yield hit a three-decade high.