Goldman Sachs Anthony Gutman said governments need to cut spending and achieve stronger growth to cope with rising borrowing costs. He pointed out that rising yields are a common problem faced by Western economies, and specifically mentioned the recent turmoil in the US Treasury bond and French government bond markets. Gutman said that the European election cycle is increasing policy uncertainty, making fiscal trade-offs more difficult to manage.

Goldman Sachs Anthony Gutman said governments need to cut spending and achieve stronger growth to cope with rising borrowing costs. He pointed out that rising yields are a common problem faced by Western economies, and specifically mentioned the recent turmoil in the US Treasury bond and French government bond markets. Gutman said that the European election cycle is increasing policy uncertainty, making fiscal trade-offs more difficult to manage.