Rising yields might not be about fiscal crisis. Maybe it's AI crowding out. Maybe it's oil prices, say the debt deniers. BUT rising yields will themselves cause fiscal crisis. Look at interest/GDP ratios and start worrying. www.bloomberg.com/authors/AOfC...
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Merryn Somerset Webb | Bloomberg
Merryn Somerset Webb is UK Money editor-at-large, covering personal finance and investment, and host of the Merryn Talks Money podcast. Previously, she was editor-in-chief of MoneyWeek.