Long-term bond yields push up borrowing costs across major economies

The U.S. 30-year government bond yield climbed close to 5.3% despite efforts to limit the rise. Higher long-term yields increase costs for fixed-rate mortgages and could add to the expense of servicing the federal debt.

Bond yields also rose across the eurozone, the United Kingdom and Japan. Higher borrowing costs could weigh on consumers and businesses, including technology companies financing investments through corporate bonds. Markets now price a 45% chance of a U.S. rate increase at the Federal Reserve’s Sept. 16 meeting, down from near certainty six weeks ago.

Read the full story at stockopedia.com.