Today features Saxo CIO Steen Jakobsen as we quickly discuss the dynamics driving the spike higher in long US treasury yields (and yields around the world).  This sharp rise in real yields at the long end of the curve to remarkable new highs is creating a significant danger moment for markets. Investors should move to protect their portfolios.

Here is a chart deck supporting some key points from the podcast and more. 

The Saxo Q4 Quarterly Outlook.