Be Very Afraid
The Credit Strategist Blog
Headlines about interest rates hitting 16-year highs underplay the fact that global debt has trebled (at least) since the 2008 financial crisis. While a 4.75% 10-year Treasury yield was manageable then with less than $100 trillion of global debt, it is much less manageable now with over $300 trillion of global debt. Market yields are moving higher on …
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