Leading economies’ borrowing costs hit highest since 2008 crisis
Concern over impact of Iran war pushes up government bond yields in US, UK, France, Germany and Japan Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday, as investors feared the Middle East crisis would keep inflation persistently high. Concerns over rising prices, and government spending, pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London, as investors fretted that rising prices would push up interest rates.
Reported by 1 outlet — The Guardian US. See all sources ↓
Concern over impact of Iran war pushes up government bond yields in US, UK, France, Germany and Japan Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday, as investors feared the Middle East crisis would keep inflation persistently high. Concerns over rising prices, and government spending, pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London, as investors fretted that rising prices would push up interest rates. The yield, or interest rate, on 30-year French bonds rose to its highest level since September 2008 at 4.8558%, up one basis point (0.01 percentage point), LSEG data showed. France’s 10-year bond yield hit its highest level since June 2009, up 1 bp to 4.0516%.
Read the full report at The Guardian US ↗
Why it matters
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- What's the story?
- Concern over impact of Iran war pushes up government bond yields in US, UK, France, Germany and Japan Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday, as investors feared the Middle East crisis would keep inflation persistently high. Concerns over rising prices, and government spending, pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London, as investors fretted that rising prices would push up interest rates.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- just now ago.
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Leading economies’ borrowing costs hit highest since 2008 crisis
Sources1TypeCoverageThe Guardian US