US fiscal concerns have surged on the back of the Trump Administration’s “One Big Beautiful Bill Act," helping to fuel a sharp rise in long-dated bond yields. But such concerns are nothing new. So, is this time really different?

Listen to podcast
Our weekly newsletter delivers the latest insights on economic forces shaping markets—from Goldman Sachs leaders, economists, and investors around the world.
You can unsubscribe at any time. For information about how your personal data will be used, visit Privacy Information and Resources.