Why High Yields on Government Bonds Are Causing Alarm

Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. Average bond yields across the Group of Seven countries hit their highest level since 2008 in mid-August.

Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. Average bond yields across the Group of Seven countries hit their highest level since 2008 in mid-August.