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Global bond markets are flashing red again. Latest 10Y yield levels, roughly: - U.S. Treasury: ~4.63% - Japan JGB: ~2.75–2.80% - UK Gilt: ~5.13–5.19% - German Bund: ~3.14–3.18% Rising yields = falling bond prices. Markets are repricing inflation, fiscal deficits, heavier bond supply, and the risk that rates stay higher for longer.🧵

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