As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spendingGovernment borrowing costs around the world have surged to the highest levels in decades amid g rowing fears over US bond market turmoil.Anxiety about Donald Trump’s handling of the US economy, and concern that the US president’s war with Iran is driving up inflation, are causing a sell-off in the US bond market. Continue reading... ...read more read less