Markets Fret About Debt, Bonds And An Incoming Financial Crisis…

This is our weekly market update where we start in the US, cross to Europe and Asia and end in Australia, covering commodities and crypto along the way. We had major developments this week which underscored the fragility of the global financial system, as US Government debt hit $40 trillion, Australian Government debt hit $AU1 trillion and the UK reported stronger growth in Government borrowing again. Given the higher interest rates on longer term bonds, in many countries, the cost of servicing this debt is becoming a major drain on tax payers. The US 30-year bond yield was back up to […]