Global bond yields hit fresh highs, raising stakes for big borrowers

Key facts

• Government borrowing costs reached their highest level since the 2008 financial crisis on Tuesday.
• Ten-year U.S. Treasury yields rose above 5%.

Government borrowing costs reached their highest level since the 2008 financial crisis on Tuesday, with 10-year U.S. Treasury yields rising above 5%. This surge highlights the tension between growing global debt and resilient economic growth, prompting concerns about the sustainability of debt burdens.