The great global bond sell-off

Investors are increasingly worried that the era of cheap government borrowing might be coming to an end, as a massive sell-off in global bonds signals rising interest rates and economic uncertainty. This shift could lead to higher borrowing costs for governments worldwide, potentially slowing economic growth and increasing fiscal deficits. The implications are significant, as it may change the landscape for both public finances and private investment, highlighting the interconnectedness of global financial markets. For a deeper dive, check out The Economist's podcast on this pressing issue.