Global Bond Rout Deepens as Governments Borrow More and Inflation Stays Elevated

A worldwide sell-off in bonds pushes yields to multi-year highs as investors worry about rising deficits from war and defense spending, sticky inflation, and the prospect that central banks keep rates higher for longer. Yields are climbing in the US, France, Germany, the UK, Japan, Canada, and Australia, signaling higher borrowing costs across mortgages, autos, and student loans. While analysts say this isn’t yet a crisis, it underscores concerns about debt sustainability and policy paths amid ongoing energy-price pressures and evolving global demand.