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What’s the real crisis in Bonds?
Blain’s Morning Porridge September 3rd, 2026
“These are not the droids you are looking for…”
The media has us all convinced Western Economies are on the verge of a bond meltdown. However, what is really happening is The Great Bond Market Normalisation – a return to real interest rates that reflect the global economy and where nations are. The big risk is that repricing government bonds will crash currently absurd valuations across other financial assets – precipitating a wider market crisis.
Key Takeaways:
The Bond market is not the crisis – worry about what happens to financial asset…
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