“‘Liz Truss’ bond market sell-offs are becoming more common across the G10 as debt levels rise and institutional integrity declines. The distinction between the G10 and EM is becoming blurred:” @robin_j_brooks
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For the past two years, Japan has been in a "Liz Truss" bond market crisis whereby its currency falls even as government bond yields go ever higher. We've never had a major G10 sovereign experience something like this and it's deeply destabilizing...
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