Global Bond Market Analysis - The analysis suggests that the current market movements are not due to contagion, but rather a confluence of idiosyncratic factors [1][4] - The report identifies specific issues in JGBs (Japanese Government Bonds), including a funding gap [1] Japan's Economic Situation - Japan's finances are not in a particularly great state, with high debt to GDP [2] - Underlying inflation pressures in Japan are moving in the wrong direction [2] - Both the front end and the long end of the Japanese bond market may still have further to go [2] UK and US Specifics - The UK faces a twin deficit issue and a challenging budget situation [3] - Speculation exists regarding the end of the Fed's independence, though the analyst does not necessarily agree [4] Systemic Risk Assessment - The analysis suggests that the issue might be perceived as more systemic than it actually is [5]

Market Trends - Global bond selloff is occurring [1] Industry Analysis - Bloomberg Surveillance discusses the global bond selloff [1]

VONNIE: IT’S 5AM IN NEW YORK CITY, GOOD MORNING, I’M VONNIE QUINN WITH YOUR BLOOMBERG BRIEF >> HERE IS WHAT YOU NEED TO KNOW. THE GLOBAL BOND ROUT DEEPENS. SO OFTEN NOTES ACROSS THE WORLD AND TREASURIES FROM GDB'S SEEING NO SIGN OF RELIEF TODAY.DODGING BULLETS, GOOGLE AVOIDS THE SALE OF ITS CHROME BUSINESS IN THE LATEST COURT RULING. DON'T MISS OUR EXCLUSIVE INTERVIEW LATER THIS HOUR. MARKETS WERE TROUBLESOME YESTERDAY PARTICULARLY YIELDS, JAPAN'S 30 YEAR YIELD UP ANOTHER SEVEN BASIS POINTS.NOT QUITE AS BAD ...

Market Overview - Stocks are finding footing as the global bond selloff slows [1] Media & Analysis - Bloomberg Surveillance provides market insight [1] - Tom Keene and Ptsweeney are live on YouTube discussing the market [1]

Geopolitical & Economic Concerns - Trump accuses Xi of 'conspiring against US' with Putin and Kim [1] - Global bond selloff deepens [1] Legal & Regulatory - A Federal Judge ruled that Google isn't required to sell Chrome [1]