Global - New Headache - Rising Bond Yields

Global bond yields are surging, including 10-year yields in Japan, the US, and the UK, reaching their highest levels in years.

Rising yields are pressuring equity markets and corporate bond spreads.

High fiscal deficits and bond issuance are driving long-term yield premiums.

Bond market volatility could spill into equity markets as investors grow wary of higher yields. Higher risk-free yields are making equities less attractive.

Without addressing fiscal deficits and high bond issuance, governments risk deeper financial instability.

Personal View - Trump Deferral of Import Duties can cool down bond yields to a great extent