Daily Spotlight: Sovereign Debt Yields
Daily Spotlight: Sovereign Debt Yields
Source: Argus Research
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DW NOTE
The Fed holds rates at 3.5% with the Strait of Hormuz closed for four months, 2,000 ships stranded in the Gulf, and oil up 28% year-over-year. Ten-year sovereign yields in this environment tell you which governments the market thinks can still pay and which it thinks are already choosing between bond auctions and social order.