S&P: Eurozone bond yields to stay above 3% until 2028, fiscal risks rise

S&P warns that structurally higher bond yields and borrowing costs are the new normal, with 10-year German Bund yields expected to remain above 3% until at least 2028. This implies elevated yields across the Eurozone, adding fiscal pressure amid political fragmentation. The agency flags 2027 as particularly difficult due to high energy and food prices.