Reported about 20 hours ago
Global bond markets have faced a significant selloff as fears of persistent inflation and extensive government borrowing mount, particularly in the US and UK. A robust employment report in the US has led traders to believe that the Federal Reserve may pause interest-rate cuts. Meanwhile, UK long-term borrowing costs have surged, raising concerns over the government’s fiscal management. Other global economies, such as India and China, are adjusting their growth forecasts amid economic challenges, while emerging markets like Malaysia and Singapore seek collaboration to boost economic development.
Source: YAHOO