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Borrowing costs are leaping across the rich world and
governments are starting to sweat.
On October 5th the yield on America’s ten-year bonds topped 5.3%, its highest in more than 20 years. Yields are high almost everywhere. The rise in energy prices caused by the war in Iran is adding to the AI boom’s effect on bond markets. The countries with weak growth and high debt are most at risk.
Will bonds blow up?
And Zack Polanski, leader of Britain’s Green Party,
lost the by-election
to replace Sir Keir Starmer as MP on October 8th. Mr Polanski managed 33% of the vote, 12 points short of the Labour candidate. The result is a boon for Andy Burnham, the new-ish prime minister. | 
