business π Where debt crisis stress is hitting the hardest
Global debt stress is building despite dovish US inflation reports from the past week. Japan stands out significantly for having the most dysfunctional yield curve among G10 nations. Long-term yields have risen sharply across the board, with France seeing the biggest increase at 14 basis points. Japan's yield caps have morphed its debt issue into a major currency crisis. The rising yields globally, though Japan is much worse, signal serious underlying financial risks. π¬