<div id="readability-page-1">A long stretch of high yields in long-term bonds is lifting borrowing costs across the world, and the United States is carrying one of the heaviest loads. Investors want extra pay to hold government debt because they see big deficits, firm inflation, and louder fights over central bank independence. Yields on long-dated debt have climbed […]</div>

<p>A prolonged period of high yields in long-term bonds is increasing borrowing costs globally, with the US particularly affected. Investors demand higher returns for holding government debt due to large deficits, persistent inflation, and growing disputes over central bank independence.</p>

US government, others face pressure as debt climbs