...The recent sharp and widespread increase in government bond yields represents a significant increase in real global borrowing costs. Bond yields rose to multi-decade highs in the US, Germany, UK and Japan in recent weeks, as highlighted in Fitch Ratings latest Economic Monitor chart pack. Ten-year government bond yields have risen in major global markets since the previous Fitch-20 Economic Monitor in June. US yields averaged 4.99% in September, up from 4.47% in June; 3.50% from 3.00% in Germany; 5.46% from 5.06% in the UK; and 2.99% from 2.65% in Japan. In Korea there also was a marked increase, with yields averaging 4.45% from 4.18% in June....
