10-Year, 10-Year Forward Treasury Yield Hits Highest Level in Over 20 Years

Robin Brooks says markets are running out of patience with persistently reckless fiscal policy as the 10-year, 10-year forward Treasury yield rises to its highest level in more than 20 years. citeturn0search7turn0search9
Brooks argues that fiscal policy has been too poor for too long, contributing to rising long-term Treasury yields and growing concerns about fiscal sustainability.