To the bottom.

You’ll never catch us! As in U.S.

Germany’s spending push drives up borrowing costs across Eurozone – Investors warn that higher bond yields could make it harder for members of the bloc to increase defence spending.

A surge in Eurozone government borrowing costs as a result of Germany’s planned defence spending spree will intensify debt pressures on other countries in the bloc and could make it harder for them to mount borrowing campaigns of their own, investors have warned.