{
  "id": 9778737,
  "title": "Why high bond yields look like the new normal",
  "url": "https://urgent.news/2026/09/25/why-high-bond-yields-look-like-the-new-normal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T14:34:24.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/why-high-bond-yields-look-new-normal"
  },
  "original_language": "en",
  "account": "High bond yields are now considered the new normal due to a variety of concerns driving investors away from long-dated government debt. Fiscal deficits, persistent inflation, trade tensions, and competition from technology companies have all contributed to the shift. US bond yields have climbed, with 10-year Treasuries surpassing 5% and reaching their highest levels in almost two decades. This development prompted Treasury Secretary Scott Bessent to announce expanded buybacks of long-dated government debt, an intervention that failed to halt the yield surge. Globally, the average sovereign debt yield has reached 4%, the highest level since 2007. The strong demand for longer-maturity debt comes amidst mounting fiscal deficits and higher energy costs, as well as fierce competition among governments for investor attention. The bond market has witnessed a structural shift in supply and demand, with global savings now chasing a limited supply of safe assets, suppressing long-term real yields. However, investors face risks, as inflation and rising short-term interest rates erode the real value of bond coupon payments and principal repayment. Longer-dated bonds have been particularly sensitive to these factors.",
  "summary": "Investors’ retreat from long-dated government debt is due to concerns including mounting fiscal deficits",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}