Government borrowing costs hit their highest level since the 2008 financial crisis on Tuesday, with 10-year U.S. Treasury yields rising above 5%, highlighting the tension between fast-growing ‌global debt loads and so far resilient economic growth. The average 10-year yield for the Group ⁠of Seven largest economies hit 4.285%, the highest ⁠since mid-2008 and a full percentage point above where it was prior to the start of the Iran war. U.S. Treasury Secretary Scott Bessent said on Tuesday that rising bond yields were due ⁠to “global issues” but offered no other details about specific causes. [...]