Commentary noted that the 30-year U.S. government bond yield touched 5.339% on Tuesday, the highest since 2007; the 10-year U.S. government bond yield was about 4.7%, close to its highest level since early 2025; the French 10-year government bond yield was about 4.1%, the highest since 2008; and the German 10-year government bond yield was about 3.26%, returning to 2011 levels. The article argued that the return of interest rates to historical norms should not cause financial panic.