
Borrowing costs soar as US debt fears hit markets - and dollar tumbles after Moody's slashes credit rating
By JESSICA CLARK Updated: 17:01 EDT, 19 May 2025 Borrowing costs rose sharply yesterday as fears mounted over America’s debt pile worth £27trillion. Long-term US bond yields hit an 18-month high after Moody’s last week downgraded the credit rating of the …