A roaring US debt storm is sweeping the world.
On the early morning of October 20th Beijing time, the 10-year US Treasury yield, known as the "anchor of global asset pricing," skyrocketed again, breaking through 5% during the session, reaching a new high since 2007. Although it has since fallen, it remains at its highest level in nearly 16 years.
The global stock market subsequently became jittery, with all three major US stock indices falling on Friday, with the ...
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