Alasdair Macleod Warns Global Bond Markets Are at Their BREAKING POINT! - SilverTrade
Alasdair Macleod Warns Global Bond Markets Are at Their BREAKING POINT! - SilverTrade
Source: SilverTrade
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DW NOTE
Macleod sees bond carnage coming because central banks have spent two decades treating sovereign debt as risk-free when it's actually a levered bet on fiscal restraint that no longer exists. The 10-year Treasury is at 5% now, up nearly 6% in a month, while the Fed just hiked into a supply shock that has already erased 5.7 million barrels per day of global oil output. When yields rise this fast during an energy crisis, the carry trade doesn't unwind — it detonates.