Global debt tops $365 trillion as bond yields hit decade highs

Global debt rose $10 trillion in the first half of the year to $365 trillion, the Institute of International Finance said. Bond yields hit decade highs in the US, Japan, France and the UK. Advanced economies paid over $3.3 trillion in bond interest last year, more than global AI ($2.6 trillion), defense ($3.1 trillion) or clean energy ($2.3 trillion) spending. The IIF warned of a vicious cycle linking elections, short-term fixes and growing fiscal vulnerability.