Senior Fellow at the Brookings Institution Robin Brooks warns that while markets focus on falling short-term rates, a “thoroughly alarming” spike in long-term government bond yields is flashing the early warning signs of a potential global debt crisis.Masking The DangerAccording to Brooks’ Substack post, the global economy may be headed into a sovereign debt crisis. He explains that while short-term interest rates have dropped recently due to fears of a U.S. recession, this cyclical decline is masking a str ...