It would be very unwise to pretend that nothing is happening
It would be very unwise to pretend that nothing is happening with government bond yields around the world!
Japan’s 30-year yield is at 3.37%, a historic record for the country… and a clear warning of what awaits Western nations that allow their debt levels to spiral.
The chart below speaks for itself: yields on the sovereign debt of major countries around the globe will soon reach a point of no return.
The consequence? A gradual drying-up of global liquidity, and governments that will have to pay increasingly high rates to borrow.
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