The external debt crisis in Latin America in the 1980s, that of Asia in 1997, the Argentine default in 2001, and the sovereign debt crisis in the Eurozone in the first half of the 2010s are some of the historical moments of public debt asset crisis mentioned in the article. In most cases, however, these were regional dramas, which could have origins in other regions, as happened with the American subprime that accelerated the exposure of dangers in southern Europe in 2008.
Deutsche Bank's macro analysts noted in a morning note that, this time, the bond selloff has been a global phenomenon, looking at the rises in sovereign debt interest rates. This situation is making investors flee from debt, bringing back memories of past traumas, but now in a completely different context.
The article suggests that the current debt crisis is not limited to a specific region, unlike what happened historically, and that the phenomenon is affecting global markets simultaneously.
