Why is US bond market turmoil hitting governments worldwide? | Richard Partington

As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching Government borrowing costs around the world have surged to the highest levels in decades amid growing fears over US bond market turmoil. Anxiety about Donald Trump’s handling of the US economy, and concern that the US president’s war with Iran is driving up inflation, are triggering a sell-off in the US bond market. Continue reading...

By Richard Partington Senior economics correspondent