Invaluable bonds: rising borrowing costs
The Intelligence from The Economist
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Rising Borrowing Costs and Financial Implications
This chapter examines the consequences of increasing borrowing costs in the U.S. and worldwide, emphasizing the strain on government budgets due to higher debt servicing expenses. It discusses the complexities of government borrowing, investor anxieties, and the risks of inflation on debt repayment, while also addressing political implications of potential tax increases and funding cuts. Furthermore, the chapter provides insights into the global impact of rising bond yields and the disparities in effects across different countries based on their fiscal strategies.
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