I think what the article is saying is: The interest rate offered to investors on government bonds is rising and the face value (market price) of the bonds is falling. This occurs when governments increasingly struggle to find lenders due to a lack of investor confidence. Therefore the governments must improve their offerings to attract bond investors by offering higher interest rates. At the same time, the face value of the bond falls because of reduced demand by investors (since bonds are often sold like an auction). It all points to rising interest rates and borrowing costs, which means it will become more difficult for governments to meet their loan obligations. Currently, the indebtedness of govts is being supported up by low interest rates. Once interest rates rise, governments have higher borrowing costs. Once investor confidence falls, govts find it more difficult to find lenders (bond buyers). This means governments will approach bankruptcy. Further, the current stock market is being propped up by low interest rates, since not only is borrowing money to buy shares cheap but the dividend yield shares pay is very attractive compared to low interest interest rates. As interest rates rise, dividends and shares become less attractive in comparison, causing share prices to fall.