Zortix matched this thesis to Rates & bonds ETFs as the exposure the bearish case argues against, most actionable for readers who already hold them. Not a recommendation.

Global debt and deficits driving long-end yields

The case was made that rising long-term bond yields globally reflect concerns over high debt stocks, large budget deficits, and political dysfunction, not just transient shocks.

Bill Ackmanon The Compound and Friends