Bond Market Chaos: A Global Wake Up Call The recent wave of instability in global bond markets is sending shockwaves around the world, driven by rising interest rates, inflation concerns, and the looming threat of climate related shocks.
The 10 year US government borrowing rate has hit 4. 8%, its highest level since 2008, while similar yields have breached records in major economies like Australia.
A Fiscal Reality Check The surge in bond yields is partly driven by markets reassessing the state of US public finances.