§1 — Lede
🟡 Day two of the global bond rout: the US 10-year yield touched 4.81% this morning, its highest since November 2023, Japan’s 10-year holds above 3% for a second session, Germany’s is at a 2011 high and Britain’s is a hair under 5.3%. Oil above $90, rate-hike bets in three currencies and a wall of new debt are doing the pushing. Stocks are lowe…
