G20 Ministers Watching Their Yields
Metadata
- Description: Sovereign yields are back at their highs just as the political and geopolitical backdrop gets messier.
- Publication: Inference Draft 2026-36
- Published:
- Last Modified:
- Type: newsletter
- Tags: macro
- POSSE: Substack
I am attending the G20 finance ministers and central bank governors, so look to my upcoming Mine Print Hash episode for my take on what I heard and saw at the summit. Today is just a quick post.
The charts we all the ministers are referring to when they talk about yields, “borrowing costs,” sovereign debt, etc.:
Mine Print Hash
On last week’s episode, we discuss Bessent’s “economic D-Day,” Operation Economic Outcast. We follow the sanctions through the banking layer, connecting everything back to the infrastructure competition for the stablecoin dollar era.
Open Threads
UK making headlines:
- UK is now a full member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Link
- Keir Starmer out. Link
- Andrew Bailey says AI is a danger to the financial system. Link
Hormuz goes hot again: