Bond yields across the globe keep on rising, but don’t expect relief any time soon - this is the new normal, as investors adapt to a more inflationary era. That’s going to make life harder for indebted nations, and Britain in particular.
Bonds of PG&E and Edison International broadly weakened on Monday after California lawmakers rebuffed a key provision of Governor Gavin Newsom’s plan to shift wildfire liabilities from the state’s utilities