Rising Long-Term Debt Costs: A Global Perspective

In recent months, the cost of long-term debt in the United States has reached levels not seen in decades. According to Ira Jersey, chief US interest rate strategist at Bloomberg Intelligence, part of this increase is attributed to intense competition from other countries, particularly Japan. Jersey and Davide Barbuscia, both from Bloomberg, highlight that investors are concerned about the health of developed bond markets and require higher incentives to invest in U.S. bonds. Additionally, Barbuscia notes that corporate bond issuance has been unprecedentedly high so far in 2026.