‘There’s no plan’: as instability in global bond markets rises, what are the knock-on effects?

From mortgages to inflation, concerns about the public finances of major economies have wide-reaching consequences When Donald Trump was asked recently about the threat of rising interest rates on US government debt, he told baffled reporters: “The ultimate intervention is our military.

And if we have to use that, we will. ” Perhaps not surprisingly, his bellicose words did not soothe fractious bond markets, and his…