Business Brief: The rate hike that isn’t

Bond markets are under pressure from war, inflation, and heavier government borrowing, raising the risk of persistently higher borrowing costs even if central banks ease policy. The piece frames this as a broad market headwind rather than a single-event shock, with implications for sovereign yields, funding costs, and risk assets more generally.

Analysis

Bond markets are under pressure from war, inflation, and heavier government borrowing, raising the risk of persistently higher borrowing costs even if central banks ease policy. The piece frames this as a broad market headwind rather than a single-event shock, with implications for sovereign yields, funding costs, and risk assets more generally.