The global sovereign debt crisis is coming to a head - Cyprus Mail
The global sovereign debt crisis is coming to a head - Cyprus Mail
Source: Cyprus Mail
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DW NOTE
The Strait of Hormuz has been effectively closed for six days, oil is up 67% year-over-year, and the 10-year Treasury yield has climbed to 5.13%. Yet gold has collapsed 25% from January and high-yield spreads sit at 3.27%. Either the market believes the crisis resolves soon or it has decided sovereign defaults are less disruptive than货币贬值. Either way, something has to give.