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Why is the Trump administration causing turmoil in the bond markets? | Richard Partington

As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching

作者
Richard Partington
发布方
The Guardian
发布时间
篇幅
178 字 · 1 分钟
Why is the Trump administration causing turmoil in the bond markets? | Richard Partington
US Government borrowingExplainerWhy is the Trump administration causing turmoil in the bond markets?

As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching

Richard Partington Senior economics correspondentThu 20 Aug 2026 12.14 EDTLast modified on Thu 20 Aug 2026 21.30 EDTSharePrefer the Guardian on Google

Government borrowing costs around the world have surged to the highest levels in decades amid growing fears over US bond market turmoil.

Anxiety about Donald Trump’s handling of the US economy, and concern that the US president’s war with Iran is driving up inflation, are causing a sell-off in the US bond market.

Highlighting the world economy’s dependence on US stability, the yield – in effect the interest rate – on UK, French, German and Japanese government debt has been dragged higher.

Here we look at the factors driving the bond market, and the likely consequences.

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内容来源

本文由Richard Partington报道，The Guardian于2026年8月20日首次发布。HUE Legacy Ventures 并非本文作者。

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