Instability in global bond markets is rising. What are the knock-on effects?
From mortgages to inflation, concerns about the public finances of major economies have wide-reaching consequences When Donald Trump was asked recently about the threat of rising interest rates on US government debt, he told baffled reporters: “The ultimate intervention is our military. And if we have to use that, we will.” Perhaps not surprisingly, Trump’s bellicose words did not soothe fractious
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