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Showing stories tagged #borrowing costs — clear filter
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The US 10-year Treasury yield reached 5.04%, its highest level since 2007, before easing back. This surge in borrowing costs reflects market concerns about inflation and government debt.
🐿️ This yield spike is a warning that the era of cheap money is over, and consumers will feel the pinch through higher mortgage and auto loan rates.
The yield on 30-year UK gilts hit their highest level since 1998 amid a global bond sell-off driven by inflation fears. This surge could almost halve Chancellor John Healey's fiscal headroom ahead of the October Budget, according to economists.
🐿️ The chancellor now faces a classic nut hoarding dilemma: defend fiscal rules by slashing spending or invest despite higher costs, risking a market backlash.
