The mounting pressure on bond markets
For the first time in almost a generation, governments are starting to face regular resistance from investors when they try to sell long-term debt
For the first time in almost a generation, governments are starting to face regular resistance from investors when they try to sell long-term debt

Investors are losing faith in the ability of western governments to rein in spending

Pressure on government borrowing costs is building

Combination of record government debt and rising borrowing costs puts central banks under pressure

Higher yields look probable, forcing countries to pay more to fund their ever-growing deficits

Investors have exited funds at fastest rate since 2020 at height of Covid pandemic

‘Quantitative tightening’ is driving up borrowing costs and piling pressure on public finances, according to fund managers