The Great Long-Bond Selloff Forces a Brutal Fiscal Reckoning

France’s 30-year government bond yield has surged near 4.85%, joining jumps in Germany, Japan, and the United States that expose a brutal reset in global borrowing costs. The synchronized selloff has shoved major long-term yields to levels unseen for years, and in some cases decades. U.S. 30-year Treasury yields hit about 5.25%, their highest since […]