Sovereign bonds are the ‘MBS and leveraged loans’ of the 2022 Crisis

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The Most Important Number In the World Is Crashing Lower…

 

Collapsing Global Liquidity is severing impairing market liquidity. Well-publicised turbulence in the UK gilt market is a warning to others of wider liquidity problems. US Treasury term premia already signal trouble ahead. Few seem to comment on the fact that they are trading near all-time lows. None of the reasons are bullish for the World economy or equity markets. The only hope is turbulence triggers a Central Bank policy pivot. Could bad news, be 'good'?

 

 

See our latest published research, Global View: The Most Important Number In the World Is Crashing Lower… – October 2022

 

 

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