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Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World," argues that the global bond market is currently facing significant risks due to rising debt levels and historical parallels.
29, positions the $160 trillion global bond market as the foundational infrastructure of the modern economy, comparing it to household plumbing that is easily overlooked until it fails.
Wigglesworth highlights that long-term government bond yields in the U.S. and other G7 countries have climbed to levels last seen in 2007, just before the financial crisis.
This rise raises concerns about increasing borrowing costs for nations already managing heavy debt loads.
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