Governments' Borrowing Costs Hit Further Multi Decade Highs as US Iran Peace Hopes Fade The recent surge in government borrowing costs to levels not seen in decades is a stark reminder of the toxic brew created by politics, inflation, and fiscal policy.
As hopes for an end to the US Iran conflict dwindle, investors are bracing themselves for higher energy prices, which will inevitably push up interest rates. Government bond yields have reached unprecedented highs.
The 30 year US Treasury bond yield has climbed to 5. 324%, its highest level since June 2007, while Japan's equivalent government bond yield has risen to 2. 945%, a three decade high.