So You Want Higher Rates?

So much debt slushing about in the world but what do you expect for a monetary system based on debt. Courtesy of Zerohedge:

Some simple bond math: rising rates means lower prices. Holders of rate products, once they anticipate that future prices will fall, sell today to minimize losses. So the question: when the selling of the world’s debt begins (and accelerates), especially with everyone urged by central bankers to shun bonds and go for “undervalued” stocks, who buys? We ask because, as the chart below shows, there is quite a bit to sell…


Source: JPM


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