US borrowing costs highest since 2007 amid interest rate fears

US borrowing costs highest since 2007 amid interest rate fears

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Joe Biden’s US government faces its highest borrowing costs since before the global financial crisis amid concerns that the Federal Reserve will keep interest rates higher for longer. The yield on 10-year Treasuries rose to a 16-year high of 4.342pc amid recent evidence of a robust US economy. The…

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