UST and western debt bubbles pose rising risks, Luke Gromen warns - Traders Union
UST and western debt bubbles pose rising risks, Luke Gromen warns - Traders Union
Source: Traders Union
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DW NOTE
Luke Gromen warns that US Treasury debt and Western sovereign bubbles pose escalating systemic risk — this while the 10-year yield sits at 5.18%, up 11.64% in a month, and the fiscal 2026 deficit already stands at $1.4 trillion through June. The Fed just hiked into a supply shock with the Strait of Hormuz closed for three months and oil down 18% from its peak. Gromen's not warning about future risk; he's describing present conditions most analysts are still pretending are stable.