Here's the bond-market alternative as U.S. and other developed markets debt deteriorate
The commentary from Christopher Wood of Jefferies highlights a significant seismic shift in the bond markets, with G7 bonds declaring a 'structural bear market' since March 2020. This transition underscores an evolving landscape where traditional debt instruments are losing favor, particularly as rising interest rates and inflation concerns add to volatility. As FX investors adjust their strategies, the implications on currency valuations and risk sentiment warrant close attention, especially in light of ongoing economic pressures in developed markets.