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US Debt is in Worse Shape than you Think
From the original
US data have surprised on the weak side for the past month, but yields have risen anyway
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4 itemsUS Dollar: Mixed data and higher yields shape outlook – Danske Bank - FXStreet
ING THINK
The debt sustainability dashboard: Who comes off worst?
The desk interprets rising concerns over sovereign debt sustainability as potentially destabilizing for FX markets, particularly given that higher yields translate into escalating borrowing costs. Per the full note from ing-think, the interplay between government spending pressures and high debt ratios across developed markets is at the forefront of this thesis. A key point is the absence of political will to prioritize spending cuts, putting further strain on fiscal health. This backdrop creates volatility that traders should watch closely as they position for the future.
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Big breakout: US 10-year yields up 16 basis points to the highest since 2007
ING THINK