Bottom line: The bond market across the world is being repriced. France, Germany, Japan, the UK, the U.S. all are seeing yields surge in unison. This isn’t a anomaly, it’s a structural reset.
This is the definition of broken:
In 15 days, the Fed will cut rates for the first time in 2025, yet the 30Y Treasury Yield is now near 5.00%.
We have RISING interest rates as markets “price-in” Fed interest rate CUTS.
Do you realize what’s happening?
(a thread) pic.twitter.com/AKt5KG0qx3
— The Kobeissi Letter (@KobeissiLetter) September 2, 2025
The bond market is in trouble across the world.
Long-term government bond yields are rising everywhere from the U.S. to Japan to France to the UK.
Finance is entering a new, more dangerous era.
(a thread) pic.twitter.com/LsmKn4kM6y
— StockMarket.News (@_Investinq) September 1, 2025
Big stress in the system:
BREAKING: The delinquency rate on Commercial Mortgage-Backed Securities (CMBS) for offices surged 62 basis points in August, to a record 11.7%.
This is now a full percentage point above the post-2008 peak of 10.7%.
Since December 2022, the CMBS delinquency rate has risen by… pic.twitter.com/lCl7Lw6cvW
— The Kobeissi Letter (@KobeissiLetter) September 2, 2025
It is the same intentional bankruptcy, as US 3 giant carmakers more or less, i.e. you do all is neccessary to make you go down. Interesting thing is that, as usual, they made two teams and one is going down (west, nato, etc.), the other one is going up (brics), has far better financial standing (at least officially), etc. The western countries (the biggest ones) require IMF-WB relieve. Well, it’s not so surprising since they do prepare one Big Organism therefore they need to make the countries go bankrupt. On the other hand our (Polish) Finance Minister says we have a very good standing, although we spend much more for “war”, the administartion on all levels was sucking money as hell last 5-6 years and… they are just fine 🙂