Bond market turmoil deepens as US debt, geopolitics push yields higher
Global bond markets are roiled as US government borrowing costs surge to multi-year highs (30-year yields above 5%), dragging yields higher abroad. Investors fear Trump’s fiscal plans, rising US debt, and inflation from the Iran conflict, even as Tokyo-US interventions try to stabilize prices. Higher yields raise borrowing costs for consumers, businesses, and governments, risking slower growth and tighter budgets—though central-bank policy and any shift in Washington’s tax/spending could calm markets.
