Government borrowing costs around the world have surge(激增，飙升)d to the highest levels in decades amid growing fears(在日益加剧的担忧中) over US bond market turmoil.
由于对美国债券市场动荡的担忧日益加剧，全球政府借贷成本已飙升至数十年来的最高水平。
Anxiety about Donald Trump’s handling of the US economy, and concern that the US president’s war with Iran is driving up inflation, are causing a sell-off in the US bond market.(对特朗普经济政策的焦虑以及对伊朗战争推高通胀的担忧，正在引发美国债券市场抛售。)
对唐纳德·特朗普处理美国经济方式的焦虑，以及对美国总统与伊朗的战争正在推高通胀的担忧，正在引发美国债券市场的抛售。
Highlighting the world economy’s dependence(依赖，依存) on US stability, the yield – in effect(实际上，事实上) the interest rate – on UK, French, German and Japanese government debt has been dragged higher.
凸显出世界经济对美国稳定的依赖，英国、法国、德国和日本政府债务的收益率——实际上就是利率——已被推高。
What is happening in the bond market sell-off?
债券市场抛售中正在发生什么？
Why are bond investors rushing for the exits?
为什么债券投资者纷纷离场？
What are the consequences?
后果是什么？
What happens next?
接下来会发生什么？