Rising US bond yields are putting significant pressure on the European economy. - Vietnam.vn

Rising US Treasury yields could push up government borrowing costs amid significant debt burdens and substantial refinancing needs in some European economies. Analysts and financial institutions believe that persistently high US government bond yields could further burden the European economy , as it increases government borrowing costs, creating intermarket financial risks and strengthening the US dollar. A major concern for Europe is that rising US Treasury yields could push up government borrowing costs at a time when some European economies are already facing significant debt burdens and large refinancing needs. The yield on 10-year US Treasury bonds rose to around 5.36% last week, reaching its highest level in nearly 24 years.