[
“When I’ve talked to market participants, one of the standard stories I hear is they are generally concerned about large fiscal deficits that have to be financed,” Waller said. “The markets are going to have to absorb this…and they are demanding a term premium…They are not really pricing in a lot of inflationary effects.”
https://img.etimg.com/thumb/msid-118343232,width-1200,height-630,imgsize-1622825,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/high-long-term-u-s-yields-shows-concern-over-fiscal-deficits/articleshow/118343214.cms