Why bond yields are rising and why everyone should care
Interest rates on government bonds are rising again around the world, making borrowing more expensive for consumers and businesses and heightening concerns about whether governments are issuing more debt than financial markets can handle.
TL;DR
- Government bond interest rates are rising worldwide.
- This makes borrowing more expensive for consumers and businesses.
- Concerns are growing about governments issuing excessive debt.
- There are worries about the capacity of financial markets to handle the current debt issuance.