Schnabel says ECB must raise rates further to contain inflation - Brussels Signal

US 10-year borrowing costs touch highest since 2023 as fears of return to full-blown Iran conflict rise

Move follows weeks of scrutiny of fiscal and monetary policies and rare Washington-Tokyo intervention in currency markets

It is the only way of funding the defence of a continent with mortal enemies

US yields are likely to head higher driven by the Iran war and tariffs, but the upward pressure has little to do with the fiscal situation, according to Apollo Global Management Chief Economist Torsten Slok.

Finance chiefs focused on developing nations’ debt while sidestepping their own borrowing

Transport, inventory and warehousing costs show few signs of easing