Why the rise in government debt is freaking out the bond market

By: Mark Crosby

Outlets: Kansas Reflector

Published: September 3, 2026

Words: 1,009

Last Updated: 1 month, 2 weeks ago

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Mortgage holders know interest rates have risen over the past year. But they’re not alone: governments and business borrowers are facing the same pressure.

In the United States, 10-year interest rates sit around 4.7%, surging nearly half a per cent just this year, while the benchmark 30-year bond is near a two-decade high. In the UK, 10-year bond rates on Tuesday hit the highest level since the global financial crisis.

In Australia, the Reserve …

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