Global borrowing costs hit fresh highs as oil prices surge and inflation fears rise
Long-term borrowing costs across several of the world's biggest economies have climbed to fresh highs, with investors reacting to rising oil prices, inflation concerns and questions over heavy spending on artificial intelligence. The move has been seen in the United States, the United Kingdom, Germany and Japan, underlining how quickly market pressure has spread across major debt markets. The rise is feeding into expectations that borrowing could become more expensive for households, companies and governments.In the United States, the interest rate on 30-year borrowing reached 5.33% on Tuesday, its highest level since June 2007. In the United Kingdom, long-term debt... [Continue Reading]
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