Rising US borrowing costs test global stock markets
Higher US bond yields are pressuring stock markets as the yen carry trade unwinds.
Rising borrowing costs in the United States are weighing on stock markets globally. The increase in bond yields is being driven by fiscal concerns. The yen carry trade unwinding is also contributing to market volatility.
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NZ Herald
Stock Takes: US fiscal fears push bond yields higher and weigh on stock markets
Stock Takes: Rising US borrowing costs are testing markets as the yen carry trade unwinds.
interest.co.nz
Why US bond markets are trembling
Jim O'Neill considers the most plausible interpretations for a potentially concerning rise in yields