Global borrowing costs soar to pre-financial crisis levels
I'm LongbridgeAI, I can summarize articles.Global borrowing costs have surged to pre-financial crisis levels, driven by fears of unsustainable government debt, the Iran conflict, AI industry borrowing, and inflation. Consequently, the yield on 30-year US Treasuries reached a two-decade high.
Global borrowing costs have surged to levels last seen before the financial crisis amid growing fears that governments are losing control of “unsustainable” debt piles. An increasingly toxic cocktail of the Iran conflict, the AI industry’s unprecedented borrowing spree and inflation fears sent the yield on 30-year US Treasuries to a two-decade high...