The Cost of Cheap Money: Who Will Pay the Price? The global bond market has been shaken by a sudden rise in borrowing costs, leaving investors and economists scrambling to make sense of this shift.
For those accustomed to cheap debt, the reality is setting in – expensive credit may be here to stay.
At its core, this change involves a complex interplay between government debt issuance, oil price shocks, and expectations around central banks' monetary policies.