Global borrowing costs soar to pre-financial crisis levels
MSN·
- Global borrowing costs have surged to levels last seen before the financial crisis due to fears over unsustainable government debt piles.
- Factors including the Iran conflict, the AI industry's heavy borrowing, and inflation fears drove the 30-year US Treasury yield to a two-decade high.
- These developments reflect growing market anxiety that governments are losing control over their mounting financial obligations.