Merryn Somerset Webb(@MerrynSW):Rising yields might not be about fiscal crisis. Maybe it's AI crowding out. Maybe it's oil prices. BUT rising yields will themselves cause fiscal crisis. Look at interest/GDP ratios and worry. Plus why spaceports need tunnels and why space needs defence.

Merryn Somerset Webb

@MerrynSW

UK Wealth, Editor at large, Bloomberg. Ex Ed in C @Moneyweek. Ex Columnist/Contrib Editor @FT Opinions personal. NED: THRG and Schroder #SharePower#

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Merryn Somerset Webb@MerrynSW

2026.09.26 12:45

Rising yields might not be about fiscal crisis. Maybe it's AI crowding out. Maybe it's oil prices. BUT rising yields will themselves cause fiscal crisis. Look at interest/GDP ratios and worry. Plus why spaceports need tunnels and why space needs defence.