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Bond yields jump worldwide as governments face heavier borrowing pressure

The rise in rates is spreading beyond borrowers to affect sectors ranging from housing affordability to consumer credit and government funding costs.

Reported · Written up by our desk · Government Bonds

The Wall Street Journal Markets reports that bond yields around the world have surged, creating fresh pressure on government borrowing.

The outlet links the global rate jump to broader economic consequences, noting the higher financing costs are likely to weigh on multiple parts of the economy, from household spending decisions to government budgets.

According to WSJ Markets, the renewed stress on yields matters for more than investors, because it can flow through to costs faced by home buyers and credit-card holders as well as to governments seeking to fund deficits.

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