The Tokyo Trilemma is reaching a point where something will break soon. Global bond yields surge toward danger levels. Japan, France, Germany bonds spike together. Gold and silver hit Gold hit a new all-time high.
Bond markets do not scream unless something is wrong. Japan cracking at a 26 year high while France and Germany follow is not a coincidence. This is the cost of pretending debt did not matter for a decade. Once the bond vigilantes wake up, they do not go back to sleep easily. https://twitter.com/GordianKnotFinX/status/2002947193347658025 Gold hits …