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Bond sell-off lifts yields to multi-decade highs

The surge in government yields is tied to concerns about debt levels, deficits and inflation, with spillovers expected across mortgages and business lending.

Reported · Written up by our desk · Economy

Government bond markets are in turmoil as yields move to multi-decade highs, driven by investor anxiety over debt levels, deficits and inflation, according to the New York Times Business.

The outlet said the sell-off is not confined to sovereign debt, as higher borrowing costs are expected to ripple into consumer and corporate credit.

Those pressures could show up in mortgages, business loans and other financing tied to broader rates.

The report frames the current squeeze as a global issue, with the yield shock raising funding costs for borrowers around the world.

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