Emerging Countries – China and Russia with stable rates, LT rates up only slightly, yield curve inversion less severe except Russia.

Developed Countries – Vast DM Country increases in ST and LT rates, Japan stays an outlier, US looks worst based on yield curve inversion.

Developed Market Regions – ST rates about to peak, LT rates are falling, inverted yield curve in DM Americas and Europe widened. Emerging Market Regions – Massive ST rate hikes in ME&A and Frontier, LT rates more stable, no yield curve inversion in Asia.

World – End of DM ST rate rise, inverted yield curves remain, high rates in EM.