Global bond yields surge to highest since 2008 crisis as US 10-year Treasury tops 5%; Fed, BOJ set to hike rates amid oil spike, debt concerns threaten governments and corporations worldwide.

Global bond yields hit 2008 highs, raising stakes for big borrowers

SummaryCompanies10-year Treasury yield hits 5.041%, highest since 2007 earlier on TuesdayMoney markets expect Fed to raise rates to 3.75% to 4% on WednesdayAverage G7 10-year yield reaches highest since mid-2008SINGAPORE/LONDON, Sept 15 (Reuters) - Government borrowing costs hit their highest since the 2008 financial crisis on Tuesday, with 10-year U.S. Treasury yields now above 5%, increasing pressure on heavily indebted borrowers that so far have been shielded by resilient economic growth.The...