US government borrowing costs(借贷成本) have risen to 5% for the first time since 2023 as soaring(飙升的) oil prices fuelled(推动，加剧) by the war in the Middle East trigger an intensifying sell-off(抛售) in the global bond market.
美国政府借贷成本自2023年以来首次升至5%，中东战争推动油价飙升，引发全球债券市场抛售加剧。
The yield(收益率) – in effect(实际上) the interest rate – on 10-year US Treasury bonds(10年期美国国债) hit the psychologically important threshold(门槛，临界值) on Monday, on a day of renewed selling pressure(抛售压力) on Wall Street as the global oil price reached $108 a barrel.
10年期美国国债收益率——实际上就是利率——周一触及这一具有心理重要性的门槛，当天华尔街再度面临抛售压力，全球油价达到每桶108美元。
With traders awaiting a crunch(关键的，紧要的) US Federal Reserve interest rate decision on Wednesday, the benchmark(基准) rate has steadily climbed from a low this year of 4% before the outbreak of the US-Israeli war on Iran(美以对伊朗的战争) in late February. The yield was last above 5% in October 2023.
交易员们正等待美联储周三的关键利率决议，基准收益率已从今年2月底美以对伊朗开战前的4%低点稳步攀升。上一次收益率高于5%是在2023年10月。