Inflation's Dark Shadow: The Rising Cost of Borrowing in the US The recent spike in US borrowing costs to their highest level since 2007 is a clear warning sign for policymakers and Americans alike.
The effective interest rate on government bonds over 10 years, or the 10 year Treasury yield, has been steadily increasing, driven by rising oil prices and inflationary concerns.
At first glance, this development may seem unrelated to home cooking enthusiasts, but its implications are far reaching.