U.S., U.K. and French budget woes combine to trigger worldwide bond market rout
1. Long-term government bond yields are surging, indicating rising debt costs. 2. U.S. 30-year yields approach 5%, raising inflation concerns. 3. UK government faces severe fiscal challenges, impacting bond confidence. 4. Potential crisis over Fed independence suggests market risks. 5. Rising yields globally may affect both inflation expectations and equities.