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Global bond sell-off drives borrowing costs to multidecade highs

United StatesCanadaUnited Kingdom
First seen: Aug 18, 2026, 7:17 PM UTCUpdated: Aug 19, 2026, 9:16 PM UTC

A global bond slump has pushed long-term borrowing costs to their highest levels in decades in several markets. Reports also say Canadian borrowing costs reached their highest level since 2009 and UK gilt yields hit a 19-year high, while US costs eased after government intervention.

Higher government borrowing costs can increase financing pressure for multiple national governments and affect broader financial markets.

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