Economy

Why is the Trump administration causing turmoil in the bond markets? | Richard Partington

Fed-and-SEC desk, TradeNews USA (2026-08-20): As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching‘Starve the beast’? The $40tn cost of… Primary source: original at The Guardian (theguardian.com).

August 20, 2026 10:32 AM ET · The Guardian

As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching

‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

Government borrowing costs around the world have surged to the highest levels in decades amid growing fears over US bond market turmoil.

Anxiety about Donald Trump’s handling of the US economy, and concern that the US president’s war with Iran is driving up inflation, are causing a sell-off in the US bond market.