US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs
US Treasury market faces significant selling pressure, pushing yields higher and testing Washington’s tolerance for elevated borrowing costs.
Fiscal Policy
UK Long-term Borrowing Costs Hit Highest Level Since 1998
UK thirty-year government bond yields rose to five point seven six percent, the highest since 1998. Rising fuel prices and political stability concerns are pushing up borrowing costs, squeezing Chancellor Rachel Reeves fiscal headroom.