The US Treasury market is seeing a significant increase in borrowing costs, signaling a “reset” that could have far-reaching implications for economies and investors worldwide. This trend, which has been observed across many global bond markets, may lead to a prolonged period of elevated interest rates, posing challenges for growth and asset values.
Source: https://www.bloomberg.com/news/features/2025-01-12/treasury-gilt-bond-tantrum-is-wrenching-and-worrisome-start-to-year