Global bond rout deepens as costs hit multi-decade highs
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Global bond rout deepens as costs hit multi-decade highs
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The global bond rout deepens as fears over fiscal deficits and rising inflation fuel a multi-decade high in government borrowing costs. US Treasury Secretary Scott Bessent, however, is not concerned. Oil prices continue to climb as the U.S. ramps up strikes on Iran, while Tehran retaliates with attacks on Gulf States. Volkswagen’s leadership will propose ending production at four German factories from 2031 at a meeting later this week. Speaking to CNBC, chief negotiator of the IG Metall workers union accuses the carmaker of going back on past agreements. In his first appearance at the House of Commons as the U.K. Prime Minister, Andy Burnham names Margaret Thatcher and Brexit as key reasons for the country’s stagnant growth.
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