The gap between stocks and bond yields has highlighted concerns about debt sustainability, causing instability in global markets. Despite the general tension, the eurozone has been relatively stable due to its strong fiscal position.Massive bond sales swept the markets, but the most vulnerable assets were in countries with fragile budgets. In the US, stocks, treasuries and the dollar were under pressure at the same time. The yield on 10-year US bonds exceeded 4.5%, and 30-year – 5%, which change... Read More
