Global Government Bond Yields Surge to 2007 Highs as Hikes Persist

Global average government bond yields have climbed to just below 4%, the highest since 2007, as interest rate hikes continue for a second day. The move signals sustained monetary tightening pressure across major economies, raising concerns about debt servicing costs and growth. The exact drivers—whether central bank policy or inflation expectations—remain unclear, but the yield level marks a significant regime shift.