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الاقتصادية
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Global bond sell-off strains fiscal budgets
Global bond markets have experienced a wide-scale sell-off, leading to increased borrowing costs for governments, corporations, and households. Bond yields have reached their highest levels in 19 years, with the yield on 30-year U.S. Treasury bonds surpassing 5.3% for the first time since 2007. Experts attribute this rise to ongoing U.S.-Iran tensions, inflation risks, the influx of corporate technology bonds, as well as concerns over budget deficits and the uncertainty surrounding the Federal Reserve's monetary policies. Despite the stock market remaining stable so far, the increase in yields will heighten government debt burdens, as the government will face higher interest payments when old bonds mature. It is projected that interest costs will reach 3.3% of GDP this year, with the economy becoming more sensitive to movements in interest rates.
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