Is the market ready to rally?
The fear is that debt becomes too expensive to carry—and lenders start questioning who can repay it. Credit markets are where governments and companies borrow.
There are two connected concerns right now:
Government debt: Heavy borrowing, inflation and higher rates are pushing up financing costs. Today’s reporting highlights global bond-market stress, particularly around heavily indebted governments and France’s fiscal troubles.
Corporate and private credit: Weaker companies face expensive re
