🚨 A HUGE STORM IS COMING!!!
Take a look at global sovereign yields today.
– Germany 10Y pushing higher.
– France 10Y higher.
– Italy, Spain, Portugal, Greece all moving up together.
THAT’S NOT A COINCIDENCE.
All investors need to hear this.
Let me explain exactly what’s going on:
When bond yields rise across multiple developed economies at the same time, it’s not about one country’s politics or one bad auction.
It’s a repricing of risk at the system level.
Here’s what that actually means in practice:
– Governments roll debt at higher costs.
– Corporates refinance at worse terms.
– Banks tighten lending standards.
– Housing affordability drops massively.
– Capital flows reverse out of weaker balance sheets.
None of this shows up in equity prices immediately.
Bonds always move first because they’re pricing cash flows, not narratives.
Bitcoin isn’t bulletproof either…
Every major Bitcoin drawdown I’ve seen started with stress in rates.
This is the part most people miss:
Markets don’t break when yields spike, but they break when elevated yields persist.
That’s when the pressure compounds quietly in the background.
Balance sheets weaken, margins compress, and something eventually snaps where leverage is highest.
Equities can keep grinding higher while this is happening. They usually do. That’s not a contradiction, it’s a lag.
Bond desks are reacting to funding conditions, inflation expectations, and supply dynamics that equities haven’t had to face yet.
When you see a bunch of European sovereign curves pumping together, it’s telling you that financing conditions are tightening globally, not locally.
You don’t need to panic tho…
But ignoring this because stocks are still going up is how noobs get rekt.
Every major macro dislocation starts with moves like this…
Slow, technical and easy to ignore.
You should pay attention now or you’ll spend the next crash asking why nobody saw it coming.
