🛸 CASE FILE #191
Nobody Is Talking About the Real Macro Problem: Global Borrowing Costs.
10-year government bond yields are surging across major economies:
U.S. ~5.20%
UK ~5.36%
Japan ~3.10%
The U.S. 10Y is around its highest since 2007, while Japan’s 10Y is near its highest since 1996.
Higher yields mean governments, companies and households refinance at increasingly expensive rates. This is the macro pressure hiding beneath the market.
Nobody Is Talking About the Real Macro Problem: Global Borrowing Costs.
10-year government bond yields are surging across major economies:
U.S. ~5.20%
UK ~5.36%
Japan ~3.10%
The U.S. 10Y is around its highest since 2007, while Japan’s 10Y is near its highest since 1996.
Higher yields mean governments, companies and households refinance at increasingly expensive rates. This is the macro pressure hiding beneath the market.