The bond vigilantes will keep on circling
Investors are losing faith in the ability of western governments to rein in spending
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The bond doom-mongers have got at least one thing right
Pressure on government borrowing costs is building
Only a crisis will wean the west off debt
The British state in particular is unreformable without pressure from the bond markets
Investors are shaken, but not yet stirred
Amid global turmoil, markets are focused on the hit to economic fundamentals
Bond investors need to wise up and seek more protection
Too many have been left as sitting ducks in the Wall Street pastime of creditor-on-creditor violence
Investors warn of ‘new era of fiscal dominance’ in global markets
Combination of record government debt and rising borrowing costs puts central banks under pressure
Private credit funds strained as borrowing costs edge higher
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending