Government borrowing costs are surging across the world. The US government’s 10-year bond yield has jumped to its highest level since the global financial crisis (GFC) in 2007. The Australian government’s long-term borrowing rate has risen to its highest level in 15 years. Pimco managing director Adam Bowe explains what’s behind the rising bond yields. He also discussed with The Business host David Chau the surging demand for borrowed money from the AI infrastructure building boom.
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