Robin Brooks: Global debt crisis deepens as markets lose faith in fiscal fixes

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15.05.2026

Robin Brooks: Global debt crisis deepens as markets lose faith in fiscal fixes — Global debt crisis as yields surge

Robin Brooks warns that the world is facing a global debt crisis, with market participants losing confidence that governments will take effective action to reduce debt through fiscal policy reforms.

He points to the 10y10y forward yield hitting new highs in many regions as evidence that this trend is ongoing.

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Brooks has recently highlighted pressures in other markets. He reported that Germany's car exports to the U.S. have fallen to multi-year lows. He also noted the Dated Brent and July futures spread returning to pre-war levels despite bearish oil forecasts.

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