Global bond markets are fully rejecting the Fed’s move. A rate cut on paper means nothing if yields keep climbing. The irony is your mortgage still gets more expensive https://t.co/CRWbx0xxrW ...

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]