发达经济体长债收益率攀升

Group 1 - Long-term bond yields in developed economies have surged due to government debt, potential inflation, and political instability, raising concerns among investors about the risks associated with holding these bonds [1] - The yield on the US 30-year Treasury bond approached 5% on September 3, with the spread between the 2-year and 30-year Treasury yields widening to the highest level since December 2021, indicating investor worries about the sustainability of US government debt and rising inflation [1] - Japan's 30-year bond yield reached a historic high of 3.28% on September 3, while the UK's 30-year bond yield rose to 5.752%, the highest level since 1998, and Germany's 30-year bond yield climbed to 3.37%, nearing a 14-year high [1] Group 2 - The fiscal outlook in major Eurozone economies is causing investor concern, particularly following Germany's announcement of significant investments in infrastructure and defense, which may lead to higher long-term rates in the Eurozone [2] - France's long-term borrowing costs surged to their highest level since 2011 on September 2, driven by concerns over political instability affecting fiscal consolidation efforts, which could increase risk premiums and further escalate national debt [2] - Deutsche Bank's CEO noted that capital markets have recognized the lack of necessary economic reforms to address government debt, warning that ongoing political instability and delayed reforms could perpetuate the current trend [2]