World & BusinessChina's borrowing costs reportedly near record lows as yields rise elsewhere
The Kobeissi Letter said on September 15, 2026, that yields in the US, UK, Germany, France and Japan were at 1990s or 2000s levels, contrasting with China's near-record-low government borrowing costs.
TLDR
The Kobeissi Letter highlighted a divide in borrowing costs on September 15, 2026: yields at 2007 levels in the US, 1998 levels in the UK, 2008 levels in Germany and France, and 1996 levels in Japan. China's government borrowing costs, it said, were near their lowest on record.
A separate September 19 commentary described lower yields on UK gilts—government bonds—as oil prices fell sharply after a US media report said America and Iran were “very close” to a deal. The commentary welcomed the yield drop but forecast continued volatility driven by global and domestic factors.
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China's borrowing costs reportedly near record lows as yields rise elsewhere
The Kobeissi Letter said on September 15, 2026, that yields in the US, UK, Germany, France and Japan were at 1990s or 2000s levels, contrasting with China's near-record-low government borrowing costs.
