Fiscal Pressures Push Long-Term Yields to Pre-Crisis Highs in Advanced Economies

Long-term government bond yields in most advanced economies have risen since end-2021, with some reaching levels not seen since before the 2007-08 global financial crisis. The trend reflects sustained fiscal pressures, likely from elevated debt and deficits, though the item lacks specific country data or policy context. This matters as higher long-term rates could tighten financial conditions globally and strain sovereign debt sustainability.