Geopolitics

Sovereign debt turmoil is approaching, Willem Middelkoop warns - Traders Union

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DW NOTE

Willem Middelkoop has been warning about sovereign debt turmoil since at least 2020. The 10-year Treasury now yields 5.11% — up 24% year-over-year — while the US deficit ran $1.4 trillion through June, up 3%. The question is not whether debt servicing costs are rising; it's whether anyone with the authority to stop issuing will choose to do so.

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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Sovereign debt turmoil is approaching, Willem Middelkoop warns - Traders Union

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