US Borrowing Costs Soar to Highest Since 2007

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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