Bond market sell-off drives up government borrowing costs; China's currency hits 16-month low on tariff fears business live
Briefly

The rising yields on US Treasuries, particularly on the 30-year bonds hitting a yearly high, indicate a lack of confidence in central banks' ability to cut rates.
The yield on UK 30-year gilts reached 5.242%, the highest in 27 years, raising concerns about Britain’s borrowing costs and potential spending cuts.
Read at www.theguardian.com
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