Goldman: Why Global Bond Yields Are Expected To Stay Elevated

Via Goldman Sachs,

• Energy-driven inflation worries may decline over the next six months, and greater clarity on AI-investment returns could reduce some of the pressure on bond yields from elevated borrowing.

• Government efforts to refinance longer-maturity bonds with shorter-dated debt issuance are unlikely to reduce interest rates.

• Fiscal concerns are expected to persist, keeping longer-maturity bond yields high relative to shorter-dated securities.