US Borrowing Costs Soar to Highest Since 2007

Posted on 09/15/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

The 10-year US Treasury yield rose to the highest level in almost two decades, the latest milestone in a bruising global bond selloff driven by surging energy prices, mounting debt and inflation.

Japan is considering a new mid-term defense spending target of 3.5% of GDP in line with NATO and other US allies, a move that could send a shockwave through financial markets concerned about Prime Minister Sanae Takaichi’s spending plans.

And President Donald Trump’s opposition to guardrails on artificial intelligence puts him at odds with a growing number of lawmakers from both parties, with AI safety fears adding to voters’ misgivings about the technology heading into the midterm elections.

Today's guest: Thomas Buberl, Axa CEO



Chapters:

00:00:00 - Daybreak Europe

00:01:08 - Global Stocks Fall on Inflation Fears

00:03:54 - Asia Stocks Trade Mixed Amid AI Slowdown Fears

00:06:25 - Ten-Year Treasury Yield Rises to Highest Since 2007 as Fed Looms

00:10:39 - Investors Rotate Out of US Semis

00:14:18 - Zelenskyy Says no Deal Yet on Energy Strikes Halt

00:16:42 - Japan is Said to Mull Raising Defense Spending to 3.5% of GDP

00:20:33 - Carney Courts World's Top Investors at Toronto Summit

00:26:55 - Thomas Buberl, Axa CEO

00:40:13 - Barclays CEO: UK Surcharge Issue Could be Sword of Damocles

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