EconomyPolitics

US borrowing costs hit 24-year high as global bond sell-off intensifies

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 01/10/2026, 18:05:24 UTC.

Briefings

Global bond markets intensified on Thursday, pushing 10-year US government borrowing costs to their highest level in 24 years. This spike occurred amid fears that the US deficit is unsustainable and rising oil costs threaten inflation, prompting investors to demand higher yields to protect against price increases. The event marked the first time UK 30-year bond yields exceeded 6% since 1998, reflecting a broader sell-off across major markets.

Key points

• 10-year US government borrowing costs reached their highest level in 24 years due to fears of unsustainable US deficits and high oil costs spooking investors.
• UK 30-year bond yields briefly surpassed 6% for the first time since 1998, driven by the same global sell-off and inflation concerns.

Context and limitations

Data reflects trading activity on Thursday, October 1, 2026, and is subject to market volatility. Forecasts for future rate hikes remain speculative and depend on evolving economic data.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 01/10/2026, 23:24:37 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeifmoa4bo3e7eslx4ztr4fvjnzx7wb7pdrbiulqhky5qgx4f3khr7y