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.

Sovereign debt auctions show rising price sensitivity

The case was made that sovereign bond auctions, particularly for long-duration debt, are exhibiting greater price sensitivity and pressure, signaling a higher term premium and investor demand for compensation.

Tobiasfinancial counselor and director of the Monetary and Capital Markets Department at the IMFon The Alpha Exchange