10y UST ylds (candles) v. 10y CGB ylds (red), 2007-present

When the highly-indebted consumer of the world &amp; the highly-indebted factory of the world get economically divorced, the consumer sees secular inflation &amp; the factory base, secular deflation

10y UST now 280bps &gt; CGB

1/ https://t.co/X8QkQrGbUf