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Global bond markets are moving fast 👇
US 10Y above 4.5%
US 30Y back over 5%.
Japan and UK long-end yields are climbing too
Bond markets are repricing expectations in real time growth, inflation, debt and future policy.
Some see this as strength
Others see tightening liquidity before something breaks
One thing is certain:
When bonds move this aggressively, every market pays attention
You know what happens next.