The global yield crisis is accelerating:
10+ year government bond yields of G7 countries are up to ~4.7%, the highest since 2004.
This is now ~0.5 percentage points above the 2008 Financial Crisis peak.
G7 bond yields are also 8 TIMES above the 2020 pandemic low of ~0.5%.
The surge comes amid renewed inflationary pressures from rising energy prices, persistently large government deficits, and the end of central bank QE programs.
As a result, investors are demanding higher compensation for holding long-term government debt.
The global government debt crisis is becoming even more expensive.
Risk appetite is back, but expectations just got higher.
Markets want more than just AI hype.
What to watch next:
📊 Jobs report
📉 10Y below 4.3%?
💰 $BTC ETF streak
🟣 $ETH strength
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