Bloomberg Surveillance · Friday, October 2, 2026
Experts suggest that the current higher levels of government bond yields are not a temporary fluctuation but potentially the 'new normal,' representing a structural reset in the market. The era of near-zero interest rates post-2008 financial crisis is unlikely to return.
“Yes, I think we are in a higher for longer regime. I think government bond yields, again, across a number of markets are resetting higher structurally.”
“It doesn't mean they won't go up and down with the economic cycle. But the era that we had for 20 some years after the financial crisis in 08, where we had zero interest rates and very low yields, that's not coming back.”