The wave of public debt sales worldwide reached its peak on Tuesday, marking September's arrival with yields at the highest levels since the Great Recession. This situation represents a critical moment for global financial markets.
The triggering factor of this trend was the fear that the Federal Reserve (Fed) and the European Central Bank (ECB) will choose to raise interest rates imminently. The objective would be to contain inflation, which continues to be a central concern for monetary authorities.
Thus, September begins in a context of great tension in debt markets, with investors facing a scenario of high yields not seen in over a decade, since the last major global economic crisis.
