Consumers could be facing higher borrowing costs for longer as bond markets are once again signalling rising economic risk to the finance and investing community amid the Iran war, rising government debt and an escalating trade war.
A bond is essentially a loan that governments and companies use to borrow money from the general public, and in return for providing funding, those that purchase bonds expect to earn interest.
The yield on the 10-year U.S. government bond increased to about 4.9 per cent as of publication — the highest since 2023, an increase of 0.8 percentage points since the start of September. This also comes after the 30-year…
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