“The relentless run-up in Treasury yields reflects the globe’s new economic reality: It takes a much richer reward to persuade investors to lend their money, especially for the longer run,” Axios reports.
“Unlike previous bond sell-offs driven by inflation fears, this one reflects a world in which governments and companies are scrambling for enormous amounts of capital to finance wide fiscal deficits, the AI infrastructure buildout and more.”
”The competition is forcing borrowers to pay more.”
source & further reading
politicalwire.com — original article
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